2020 (2) TMI 1151

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.... AOR Mr. Vaibhav Kulkarni, Adv. Mr. Udit Naresh, Adv For the Respondent : Mr. S. Wasim A. Qadri, Sr. Adv. Mr. H. Raghavendra Rao, Adv. Ms. Snidha Mehra, Adv. Mr. Chakitan V.S. Papta, Adv. Mr. B. V. Balaram Das, AOR ORDER CIVIL APPEAL NO.4089 OF 2016 1. Two issues have been answered by the High Court vide impugned judgment, namely: - (i) Whether on the facts and law, the Hon'bl....

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....ad observed thus: - "We, therefore, keeping in view of the aforesaid application u/s 158A(1) of Income Tax Act 1961 moved by the assessee, decide the issue against the assessee with the rider that whenever the issue is settled by the Hon'ble Apex Court for the Assessment year 1998-99 that shall be applicable to this appeal also. If any objection is to be raised by the Department on the sa....

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....igarh). The learned counsel for the assessee has stated before us that he has no objection if actual expenditure, if any incurred for earning dividend income is deducted from the gross dividend receipt. We direct the Assessing Officer to work out the disallowance, if any." 5. It is not in dispute that thereafter the Assessing Officer completed the assessment in terms of the remand order and cha....