2020 (7) TMI 401

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Narayanasamy, SSC For Respondent : No appearance   Judgment was delivered by T.S.SIVAGNANAM,J This appeal, by the Revenue under Section 260A of the Income Tax Act, 1961 (for short, the Act), is directed against the order dated 07.6.2019 made in ITA.No.3269/Chny/2018 on the file of the Income Tax Appellate Tribunal, Chennai 'D' Bench for the assessment year 2013-14. 2. We have hear....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....y the assessee ? And 3. Whether the Appellate Tribunal was right in allowing the expenses under Section 37 of the Act, when the assessee altered the memorandum of association and removed hotel business as one of its main object with effect from 08.3.2016 and the same is not applicable to the present assessment year 2013-14 ?" 4. The Tribunal, while allowing the assessee's appeal by....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....2013-14. 5. In the grounds, the learned Senior Standing Counsel for the Revenue has referred to the decision of the Hon'ble Supreme Court in the case of Tuticorin Alkali Chemicals and Fertilizers Ltd. Vs. CIT [reported in (1997) 227 ITR 172] and the decision of this Court in the case of K.Sampath Kumar Vs. CIT [reported in 158 ITR 25]. It has been further stated that the factual position ne....