2009 (8) TMI 54

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....R GOEL, J. (Oral) - The revenue has preferred this appeal under Section 260A of the Income Tax Act, 1961 (for short, "the Act") against the order of Income Tax Appellate Tribunal, Chandigarh Bench (B), Chandigarh dated 29.1.2009 passed in ITA No. 980/Chandi/2008 for the assessment year 2005-06, proposing to raise following substantial question of law:- "Whether on the facts and in law, the Hon'....

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.... in such a situation claim for bad debts will be hit by Section 14A of the Act. The CIT(A) partly upheld the claim of the assessee with the following observations:- "Coming to the application of provisions of Section 14A of the Act, though the A.O. Is of the view that the provision of this section is applicable in the facts and circumstances of the appellant's case, I do not agree with him. Fir....