2017 (10) TMI 1571

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....ondent : Shri S.Ganesh, Advocate. ORDER Per INTURI RAMA RAO, AM : This is an appeal filed by the revenue directed against the order of the Commissioner of Income-tax (Appeals)-12, Bengaluru, dated 12/02/2016 for the assessment year 2009-10. 2. The revenue raised the following grounds of appeal: 2. Briefly facts of the case are as under: The respondent-assessee is a company duly incorporated u....

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....the CIT(A) challenging addition u/s 14A on the ground that the AO should not resort to disallowance u/s 14A without giving a finding as to correctness or otherwise of the claim of the assessee that no expenditure was incurred to earn exempt income. It was further contended that in any event, amount of disallowance should not exceed exempt income as in the current year, exempt income is only Rs. 3,....