2021 (12) TMI 1204

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.... Respondent by : None ORDER PER MAHAVIR SINGH, VP: This appeal by the Revenue is arising out of the order of the Commissioner of Income Tax (Appeals)-6, Chennai in ITA No.583/CIT(A)-6/2016-17 dated 27.02.2018. The assessment was framed by ACIT (OSD), Corporate Range-2, Chennai for the assessment year 2013-14 u/s. 143(3) of the Income Tax Act (hereinafter the 'Act'), vide his order dated....

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....the taxpayer in a particular year not earned any exempt income." 3. We have heard the ld. senior Department Representative and gone through facts and circumstance of the case. We noted that the AO has made disallowance of expenses relatable to exempt income by invoking the provisions of section 14A r.w.r 8D of the Rules. The AO had made disallowance u/s.8D(2)(ii) at Rs. 1,41,10,978/- i.e., inte....

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....ance of expenses made by the AO by invoking the provisions of section 14A of the Act r.w.rule 8D of the Rules, while computing book profit u/s.115JB of the Act. For this, Revenue has raised following Ground No.3.1:- "3.1 The CIT(A) failed to appreciate the fact that when the AO made disallowance u/s.14A which has to be necessarily added to the income of the assessee while computing the bo....