M/S MANIPAL TECHNOLOGIES LIMITED,UDUPI vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1, UDUPI
In the result, the appeal of the assessee is partly allowed
ITA 325/BANG/2023[2012-13]Status: DisposedITAT Bangalore07 Jul 2023AY 2012-13
Bench: Shri Chandra Poojari & Shri Beena Pillaiassessment Year : 2012-13
For Appellant: Smt. Sheetal Borkar, AdvocateFor Respondent: Ms. Neera Malhotra, CIT (DR)
Section 115JSection 143(1)Section 143(3)Section 14A
TDS as per 26AS. The return was initially processed under Section 143(1) of the Act.
2.1 Subsequently, the original assessment was concluded under section 143(3) on 20.2.2015, wherein the Ld.AO has disallowed sum of Rs.1,16,51,365 under section 14A of the Act read with Rule 8D, as expenditure
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pertaining to exempted income