2022 (9) TMI 1528

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....or the Department by : Shri M. Baranwal, [CIT] - D. R.; ORDER PER C. N. PRASAD, J.M. 1, This appeal is filed by the Revenue against the order of the Ld. Commissioner of Income Tax (Appeals)-9, New Delhi [hereinafter referred to CIT (Appeals)] dated 11.04.2019 in deleting the disallowance under section 14A read with Rule 8D of the Act for the Assessment Year 2015-16. 2. At the outset, the ld. C....

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....ssions perused the orders of the authorities below. We observe that the ld. CIT (Appeals) deleted the disallowance made under section 14A of the Act for the reason that the assessee did not receive any exempt income during the assessment year under consideration. The ld. CIT (Appeals) followed the decision of the Hon'ble Delhi High Court in the case of Cheminvest Limited Vs. CIT (supra). We furthe....