2018 (5) TMI 1944

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....an Rao For Revenue : Smt. N. Swapna, DR ORDER D. Manmohan, VP. These appeals filed by the Revenue are directed against the orders passed by Ld. CIT(A)-4, Hyderabad for the assessment years 2013-14 and 2014-15. Since the Revenue raised identical grounds for both the AYs, the only difference is in figures, we take up the following grounds raised in the appeal for the A.Y. 2013-14, for the sa....

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....ration. In fact, in the grounds, duly authorised by the Ld. CIT, the Revenue has not objected to the claim of the assessee that no exempt income was earned during the years under consideration. Identical issue had come for adjudication before the ITAT Hyderabad in number of cases wherein the Bench observed that section 14A refers to disallowance of expenditure "in relation to income" which pre-sup....