2023 (7) TMI 378

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.... PER N. K. BILLAIYA, AM: This appeal by the assessee is preferred against the order of the CIT(A)-26, Delhi dated 04.07.2022 pertaining to A.Y. 2017-18. 2. The grievance of the assessee read as under :- 1. That on the facts of the case, in the circumstances of the case and in law, the Ld.CIT(A)-26 has erred in upholding the disallowances of Rs 1,37,40,250/- towards disallowance u/s....

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....ill take effect from 01.04.2022 and accordingly apply in relation to Assessment Year 2022-23 and subsequent years and the same is squarely covered by the ruling of Delhi High Court in case of Pr. CIT vs Era Infrastructure (India) Ltd bearing ITA No. 204/2022 dated 20.07.2022. . 4. That the Ld. CIT(A) has failed to appreciate the fact that disallowance of Rs. 13740250/- made Assessing Offi....

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....1.03.2016 and Rs. 99,80,25,000/- as on 31.03.2017. The AO found that the assessee has not made any disallowance u/s. 14A of the Act. 5. Invoking the provision of section 14A r.w.r. 8D the AO computed the disallowance at Rs. 13740250/-. 6. Assessee carried the matter before the CIT(A) but without any success. 7. Before us the Counsel stated that the assessee has nil exempt income and drawi....