2025 (12) TMI 482

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....i, C.A For the Respondent : Shri R. Raghupathy, Addl. CIT ORDER PER JAGADISH, A.M : Aforesaid appeal filed by the assessee for Assessment Year (AY) 2018-19 arises out of the order of Learned Commissioner of Income Tax (NFAC), Delhi [hereinafter "CIT(A)"] dated 23.07.2025 in the matter of assessment framed by the Assessing Officer [AO] u/s. 143(3) r.w.s 143(3A) & r.w.s 143(3B) of the In....

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....non current investment. The subsidiary company has net less during the year and therefore, has not declared any dividend. The Ld. AR has submitted that there is no dividend or any other exempt income during the year and therefore, Section 14A r/w. 8D of the Rules has no application. The Ld. AR in this respect has relied on the decision of Hon'ble Apex Court in the case of CIT v. Chettinad Logistic....