2010 (10) TMI 1212

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....Garodia, AM: This is an assessee's appeal filed against the order of Ld CIT(A)-XI, New Delhi dated 13.3.2009 for assessment year 2006-07. 2. The only ground raised by the assessee reads as under:- "That the Ld CIT(A) has erred in confirming the addition made by the Ld Assessing Officer of ₹ 2,50,538/- u/s 14A of the Income Tax Act, 1961 against the dividend income of ₹ 8,36,291....

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....eed to this proposition. Ld DR of the revenue although supported the orders of authorities below but no serious objection was raised against the proposition put forward by the Bench. 5. We have heard the rival submissions and have gone through the material available on record. The only grievance of the assessee is regarding disallowance made by the Assessing Officer of ₹ 2,50,538/- u/s 14A....