2020 (2) TMI 825

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....RI RAMIT KOCHAR, ACCOUNTANT MEMBER Appellant by: Shri M. Viswanathan, CA Respondent by: Shri J. Pavithran Kumar, JCIT ORDER PER N.R.S. GANESAN, JUDICIAL MEMBER: These appeals of the assessee are directed against the common order passed by the Commissioner of Income Tax (Appeals)-11, Chennai dated 08.07.2019 and pertains to the assessment years 2013-14 & 2014-15. Therefore, we heard ....

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.... be decided against the assessee. Coming to the disallowance made U/s.14A of the Income Tax Act, 1961 (in short 'the Act'), the Ld. Representative for the assessee submitted that there was no dividend income earned by the assessee during these years under consideration. Therefore, in view of the judgment of the Madras High Court in the case of M/s. Redington (India) Ltd., Vs. Addl.CIT (2017) 392 I....

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....ot in dispute that the business operation of the assessee for construction of NH5 was not commenced and it is only in a preparatory stage. For the assessment years 2010-11, 2011-12 and 2012-13, an identical issue came before this Tribunal. This Tribunal found that since the business has not commenced, the assessee cannot claim the expenditure U/s.37 of the Act. Since, the facts are similar to that....