2019 (5) TMI 639

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.... AJAY KUMAR MITTAL, J. 1. This appeal has been preferred by the revenue under Section 260A of the Income Tax Act, 1961 (in short "the Act") against the order dated 12.12.2017 (Annexure A-III) passed by the Income Tax Appellate Tribunal, Chandigarh Bench 'B', Chandigarh (hereinafter referred to as "the Tribunal") in ITA No. 1179/Chd/2017, for the assessment year 2012-13, claiming the fo....

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....tments, income arising on which is not includible in taxable income u/s 14A of the Income Tax Act, 1961? 2. Put shortly, the facts necessary for adjudication of the instant appeal as narrated therein may be noticed. The assessee is engaged in the business of manufacturing of Steel Ingots, GP Sheets/Coils, GC Sheets, CCL Sheets and generation of power. During the course of assessment proceedings,....

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.... appeal before the Commissioner of Income Tax (Appeals) [in short "the CIT(A)"] challenging the addition of Rs. 32,17,309/- on account of disallowance of expenses under Section 14A of the Act read with Rule 8D of the Rules. The CIT(A) vide order dated 1.5.2017 (Annexure A-II) allowed the appeal and deleted the said addition by relying upon the judgment of the Tribunal in the case of the same asses....