2017 (8) TMI 1620

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.... Respondent : Shri B. Sagadevan, JCIT ORDER This appeal by the assessee is directed against the order passed by the Ld. Commissioner of Income Tax (Appeals)-2, Chennai dated 31.01.2017 in ITA No.192/CIT(A)-2/2015-16 for the assessment year 2013-14 passed U/s.250(6) r.w.s.143(3) of the Act. 2. The assessee has raised several grounds in its appeal, however the crux of the issue is that the ....

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....ts in equity shares of its sister concerns and therefore the assessee had not incurred any expenditure towards such investments. Hence, it was pleaded that the provision of Section 14A will not be applicable in the case of the assessee. The Ld.DR on the other hand relied on the orders of the Ld.Revenue Authorities. 5. I have heard the rival submissions and carefully perused the materials on rec....