Loading judgment…
No AI summary yet for this case.
Income Tax Appellate Tribunal, AHMEDABAD “B” BENCH
Before: SHRI N.K. BILLAIYA & SHRI MAHAVIR PRASAD
PER N.K. BILLAIYA, ACCOUNTANT MEMBER:
This appeal by the Revenue is directed against the order of the Ld. CIT(A)-9, Ahmedabad dated 07.10.2015 pertaining to A.Y. 2011-12.
ITA No. 3504/Ahd/2015 2 . A.Y. 2011-12 2. The solitary grievance of the Revenue is that the ld. CIT(A) erred in deleting the disallowance of Rs. 16.01 lacs made under u/s. 14A r.w. Rule 8D of the Act.
The grievance of the Revenue shows that the tax effect on the impugned deletion would be less than Rs. 10 lacs. Therefore, this appeal has to be dismissed in the light of the CBDT Circular No. 21 of 2015 dated 10.12.2015.
In the light of the aforementioned Circular, the appeal of the Revenue is dismissed.
Order pronounced in Open Court on 16- 01- 2018
Sd/- Sd/- (MAHAVIR PRASAD) (N. K. BILLAIYA) JUDICIAL MEMBER True Copy ACCOUNTANT MEMBER Ahmedabad: Dated 16 /01/2018 Rajesh Copy of the Order forwarded to:- 1. The Appellant. 2. The Respondent. 3. The CIT (Appeals) – 4. The CIT concerned. 5. The DR., ITAT, Ahmedabad. 6. Guard File. By ORDER
Deputy/Asstt.Registrar ITAT,Ahmedabad