2020 (1) TMI 1553

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....resent appeal has been preferred by the Revenue against the order dated 14.08.2018 of the Commissioner of Income Tax (Appeals) [hereinafter referred to as the CIT(A)] relevant to assessment year 2015-16. 2. The only issue raised by the Revenue is against the deletion of addition of Rs. 2,93,38,160/- by ld. CIT(A) as made by the AO u/s 14A r.w.r 8D(2)(ii) without appreciating the fact that th....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....respect of the exempt income is not correct. Accordingly, the disallowance was calculated at Rs. 4,80,52,443/- comprising 293,38,160/- under Rule 8D(2)(ii) and Rs. 187,14,283/- under Rule 8D(2)(iii). The AO made addition of Rs. 2,93,38,160/- after allowing credit of suo motto disallowance by framing assessment u/s 143(3) dated 22.06.2017. 4. In the appellate proceedings, the ld. CIT(A) partly all....