2020 (12) TMI 577

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....RA PRASAD APPELLANT (BY SRI. T. SURYANARAYANA., ADVOCATE) RESPONDENTS (BY SRI. K.V. ARAVIND, ADVOCATE) JUDGMENT ALOK ARADHE J., This appeal under Section 260-A of the Income Tax Act, 1961 (hereinafter referred to as 'the Act', for short) has been filed by the assessee. The subject matter of the appeal pertains to the Assessment Year 2005-06. The appeal was admitted by a Bench of thi....

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....s of the Act? 4. The Tribunal was correct in upholding the add back of the disallowance made under Section 14A of the Act, in computing the book profits under Section 115JB of the Act?" 2. Facts leading to filing of this appeal briefly stated are that the assessee is a public sector undertaking of the Government of India. The assessee filed its return of income for the Assessment Year ....

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....einafter referred to as 'the Tribunal' for short). The Tribunal, by an order dated 31.05.2016, inter alia held that the order of re-assessment was bad in law. However, the Tribunal examined the issue on merits and gave the findings on merits. In the aforesaid factual background, the assessee has approached this Court. 4. Learned counsel for the assessee, while inviting the attention of ....