2020 (12) TMI 405

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.... MRS. JUSTICE V. BHAVANI SUBBAROYAN 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.1....

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....me Tax Appellate Tribunal was right in law in not holding that 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 disallow....

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....e, the Income Tax Appellate Tribunal is right in law in upholding the disallowance under Section 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 agai....

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.... light of the subsequent event, the Competent Authority shall process the applications/declarations in 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 th....