2022 (6) TMI 1468

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....R. ADVOCATE with MR KARAN SANGHANI for M R BHATT & CO.(5953) for the Appellant(s) No. 1 None For the Opponent(s) No. 1 ORAL ORDER PER : HONOURABLE MR. JUSTICE N.V.ANJARIA Heard learned senior advocate Mr.M.R.Bhatt for the appellant. The present Tax Appeal is Admitted on the following substantial questions of law. (i) Whether in the facts and circumstances of the case, could it not be sai....

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....? (ii) Whether in the facts and in the circumstances of the case and in law the Appellate Tribunal has erred in holding that disallowance under Section 14A of the Act cannot exceed the exempt income earned by the assesses? (iii) Whether in the facts and in the circumstances of the case and in law the Appellate Tribunal was justified in excluding the disallowance made under Section 14A while comp....