2020 (12) TMI 405

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....AN For the Appellant : Ms. Sriranjani for Mr. G. Baskar For the Respondent : Mr. J. Narayanasamy , SSC JUDGMENT ( Judgment was delivered by T. S. SIVAGNANAM , J ) These appeals have been filed by the assessee under Section 260A of the Income Tax Act, 1961 ('the Act' for brevity) challenging the common order dated 04.9.2017 made in I.T.A.Nos.1189 and 1572/ Mds/2016 on the file of th....

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....t expenditure incurred for the purpose of service apartment business, income from which was assessed as business income should be allowed under Section 37 of the Income Tax Act, 1961 ? and iii. Whether, on the facts and in the circumstances of the case, the Income Tax Appellate Tribunal was right in law in upholding the disallowance of expenditure made on proportionate basis to the rental incom....

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....ction 14A of the Income Tax Act, 1961 since the disallowance of 96% of the expenditure towards the personnel and administrative as relatable to income from house property is upheld, the disallowance once again under Section 14A would amount to double disallowance i.e once under Section 24 of the Act and again under Section 14A of the Income Tax Act, 1961 read with Rule 8D of the Income Tax Rules, ....

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.... accordance with the Direct Tax Vivad Se Vishwas Act, 2020 (Act 3 of 2020) and pass appropriate orders as expeditiously as possible. The assessee is given liberty to restore these appeals in the event the ultimate decision to be taken on the declarations filed by the assessee under Section 4 of the said Act is not in favour of the assessee. If such a prayer is made, the Registry shall entertain th....