2019 (6) TMI 1113

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....Prasad, Addl. CIT ORDER PER B.R BASKARAN, ACCOUNTANT MEMBER The assessee has filed this appeal challenging the order dated 12/7/2018 passed by ld CIT(A)-II, Bengaluru and it relates to asst. year 2013-14. 2. The assessee is aggrieved by the decision of ld CIT(A) in confirming the enhancement of disallowance made by the AO over and above the amount disallowed by the assessee u/s 14A of the Act.....

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.... in the case of Sivan Securities Pvt. Ltd. (ITA No.713 to 715/Bang/2018 dated 8/5/2019) and submitted that the disallowance made u/s 14A cannot exceed the amount of dividend received by the assessee during the year. He submitted that the coordinate bench in the above said case had followed the decision rendered by another coordinate bench in the case of M/s Way2Wealth Securities Pvt. Ltd. (ITA No.....