2023 (7) TMI 378

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.... 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 14A r.w.r 8D and has failed to appreciate that in c....

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....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 Officer, which far exceeds the actual expenses of Rs. 6938328 claimed in the ....

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....ssee 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 drawing support from various judicial decisions, the Counsel stated that no disallowance....