M/S KNITWELL INDIA PVT. LTD.,CHANDIGARH vs. DCIT, C-1(1), CHANDIGARH
In the result, appeal of the assessee is partly allowed
ITA 1609/CHANDI/2018[2014-15]Status: DisposedITAT Chandigarh27 Jan 2026AY 2014-15
Bench: Shri Rajpal Yadav & Shri Manoj Kumar Aggarwalआयकर अपील सं./ Ita No. 1609/Chd/2018 "नधा"रण वष" / Assessment Year. : 2014-15 M/S Knitwell India Pvt. Ltd., The Dcit, Plot No. 278, Industrial Area, Vs Circle 1(1), Phase-Ii, Chandigarh. Chandigarh. "थायी लेखा सं./Pan No: Aacck4673L अपीलाथ"/Appellant ""यथ"/Respondent Assessee By : Ms. Shruti Khandelwal, Advocate Revenue By : Shri Vivek Vardhan, Addl. Cit Sr.Dr Date Of Hearing : 24.11.2025 Date Of Pronouncement : 27.01.2026 O R D E R Physical Hearing Per Raj Pal Yadav, Vp
For Appellant: Ms. Shruti Khandelwal, AdvocateFor Respondent: Shri Vivek Vardhan, Addl. CIT Sr.DR
Section 143(2)Section 14ASection 36(1)(iii)
Section 14A of the Income Tax Act. The AO also disallowed 0.5% of flat investment in sub-clause (iii) of Rule 8D of the formula. This amount has been worked out at Rs.1,42,842/-.
5. On appeal, the ld.CIT (Appeals) has confirmed the disallowances and ld. First Appellate Authority has followed the order of his predecessor in assessment year
