2017 (5) TMI 1810

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....RASHANT MAHARISHI, A. M. 1. This appeal is preferred by revenue against the order of the ld CIT(A)-V, New Delhi dated 06.06.2014 by which the disallowance of Rs. 99047514/- made by the ld Assessing Officer u/s 14A of the Income Tax Act vide order u/s 143(3) of the Act dated 05.12.2011 for AY 2009-10 was deleted. 2. The revenue has preferred following grounds of appeal:- "1. Whether on the fact....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....er after show cause made disallowance u/s 14A of the Act amounting to Rs. 99047514/- applying provisions of Rule 8D. the assessee contested the same before the first appellate authority who recomputed the disallowance u/s 14A of the Act applying Rule 8D of the Income Tax Rules after remand report of the assessee at Rs. 264/- therefore, out of total disallowance made by the Assessing Officer of Rs.....