ACIT, CORPORATE CIRCLE 3(1),, CHENNAI vs. M/S. TIDEL PARK LIMITED, TARAMANI , CHENNAI

आयकर अपीलीय अिधकरण “बी” �ायपीठ चे�ई म�। IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH, CHENNAI माननीय �ी महावीर िसंह, उपा ! एवं माननीय �ी मनोज कुमार अ&वाल ,लेखा सद) के सम!। BEFORE HON’BLE SHRI MAHAVIR SINGH, VP AND HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM आयकरअपील सं./ (िनधा*रण वष* / Assessment Year: 2018-19) ACIT M/s. Tidel Park Limited बनाम Corporate Circle-3(1), 4, Rajiv Gandhi Salai, / Vs. Chennai. Taramani, Chennai-600 113. �थायीलेखासं./जीआइआरसं./PAN/GIR No. AABCT-0666-R (अपीलाथ�/Appellant) : (� थ� / Respondent) अपीलाथ�कीओरसे/ Appellant by : Shri D.Hema Bhupal (JCIT)- Ld. DR � थ�कीओरसे/Respondent by : Shri R.Vijayaraghavan(Advocate)- Ld.AR सुनवाईकीतारीख/Date of Hearing : 03-07-2023 घोषणाकीतारीख /Date of Pronouncement : 03-07-2023 आदेश / O R D E R Manoj Kumar Aggarwal (Accountant Member) 1. The sole grievance of the Revenue in the captioned appeal is deletion of disallowance u/s.14A. Upon perusal of para 7.1 of the impugned order, it could be seen that the Ld. AO has computed disallowance u/s.14A for Rs.153.25 Lacs. However, the assessee has not earned any exempt income during the year. The Ld. CIT(A), relying on the decision of the Hon'ble Delhi High Court in the case of PCIT Vs. M/s. Era Infrastructure (India) Ltd., has deleted impugned disallowance. Aggrieved, the revenue is in further appeal before us.