2020 (3) TMI 1429

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....hri H.V. Bhardwaj, FCA. Appearing on behalf of the Revenue : Smt. Dhrubajyoti Roy, JCIT. ORDER PER P.M. JAGTAP, VICE-PRESIDENT (KZ) This appeal filed by the assessee is directed against the order of Ld. CIT(A) - 12, Kolkata dated 08.02.2019. 2. Ground No. 1 relates to the issue of disallowance of Rs. 1,56,289/- made by the AO and confirmed by the Ld. CIT(A) u/s 14A of the Income Tax....

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....ficer applied Rule 8D and worked out the expenses incurred by the assessee in relation to the earning of exempt income at Rs. 1,67,799/-. Accordingly, a further disallowance of Rs. 1,56,289/- (1,67,799/- - 11,510/-) was made by him u/s 14A read with Rule 8D. On appeal, the ld. CIT(A) confirmed the said disallowance. 4. We have heard the arguments of both the sides and also perused the relevant ....

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....during the year under consideration. Ground No. 1 of the assessee's appeal is accordingly is thus partly allowed. 5. As regards Ground No. 2, it is observed that the issue involved therein relating to the addition made by the AO and confirmed by the ld. CIT(A) amounting to Rs. 14,405/- on account of interest paid by the assessee on TDS is squarely covered in favour of the assessee by the decisi....

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....e before the date of filing of the return of income for the year under consideration. The same therefore was disallowed by him as per section 43B of the Act. On appeal, the ld. CIT(A) confirmed the disallowance made by the AO on this issue by observing that the ground raised by the assessee on this issue had not been pressed by the assessee. 8. We have heard the arguments of both the sides and ....