2024 (8) TMI 880

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... of order 30.05.2024. The impugned order was emanated from the order of the ld. Income-tax Officer 8(1)(1),Mumbai (in short, 'the A.O.') passed under section 143(3)of the Act, date of order 28/06/2019. 2. The brief fact of the case is that the assessment was completed with an addition under section 14A of the Act read with Rule 8D of the Income Tax Rule, 1962, amounting to Rs. 12,50,341/- related to the expenditure against the exempted income. The assessee also incurred, for earning dividend income and, therefore, has disallowed an additional amount of Rs. 1,93,793/- under same provision of the Act. The aggrieved assessee filed an appeal before the ld. CIT(A). The ld. CIT(A) issued the notice in the wrong email account. The appeal order ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....such further inquiry that he thinks fit or direct the Assessing Officer to make further inquiry and report the result of the same to him as found in Section 250(4) of the Act. Further Section 250(6) of the Act obliges the CIT(A) to dispose of an appeal for determination and then render in writing after stating the points a decision on each of the points which arise for consideration with reasons in support. Section 251(1)(a) and (b) of the Act provide that while disposing of appeal the CIT(A) would have the power to confirm, reduce, enhance or annul an assessment and/or penalty. Besides Explanation to sub- section (2) of Section 251 of the Act also makes it clear that while considering the appeal, the CIT(A) would be entitled to consider an....