2018 (4) TMI 1769

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....e : Smt. Suman Malik, DR ORDER PER D. MANMOHAN, VP. This appeal is directed against the order passed by Ld. CIT(A)-4, Hyderabad and it pertains to A.Y. 2013-14. The only ground urged in this appeal reads as under: "On the facts and in the circumstances of the case and in law, the Ld. CIT(A) erred in deleting the disallowance made u/s 14A by holding that assessee did not earn any ....

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....isallowance in this year. A.O. rejected the contention of the assessee and proceeded to compute the disallowance u/s 14A read with Rule 8D and accordingly made disallowance of Rs. 39,92,033/-. 3. On an appeal filed by the assessee, Ld. CIT(A) observed that the assessee having not earned any income out of such investments it falls out of the ken of section 14A, in the light of the decision of th....