2022 (5) TMI 1691

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....R PER ANIL CHATURVEDI, AM : This appeal filed by the Revenue is directed against the order dated 11.01.2017 of the Commissioner of Income Tax (Appeals)-13, New Delhi relating to Assessment Year 2012-13. 2. Brief facts of the case as culled out from the material on record are as under:- 3. Assessee is a company stated to be engaged in the business of trading in Computer Hardware and Net....

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....en if no exempt income is earned." 5. On the date of hearing none appeared on behalf of the assessee though the case file reveals that the notice of hearing was sent to the assessee. Since the issue appears to be a covered and settled issue, we proceed to dispose of the appeals ex parte qua the assessee and after hearing the Learned DR. 6. During the course of assessment proceedings, AO noti....

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.... the order of AO. 8. We have heard the Learned DR and perused the material on record. The issue in the present ground is with respect to the disallowance u/s 14A r.w Rule 8D of the Rules. We find that CIT(A) while deleting the addition has given a finding that no dividend income, which is exempt from tax, was received by assessee during the year. He thereafter following the decision of Hon'ble ....