2018 (2) TMI 2157

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.... For the Respondent : Smt. Ruby George, CIT ORDER PER A. MOHAN ALANKAMONY, ACCOUNTANT MEMBER: These appeals are filed by the assessee against the orders passed by the learned Commissioner of Income Tax (Appeals)-1, Madurai, all dated 04.04.2016 in ITA No. 0177/2015-16 for the assessment year 2010-11 and ITA No. 176/2015-16 for the assessment year 2011-12 both passed U/s. 250(6) r.w.s. 2....

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....bmitted that predominantly the investments were made in sister companies of the assessee company from the assessee's own non-interest bearing funds and therefore provisions of Section 14A will not be applicable in the case of the assessee. Hence it was pleaded that the matter may be remitted back to the file of Ld.AO for fresh consideration. 3. The Ld. DR could not controvert to the submission ....