SHRIRAM CAPITAL LTD,CHENNAI vs. DCIT, CORP CIR-6(1), CHENNAI

In the result, both the appeals filed by the assessee are allowed and the appeals filed by the Revenue are dismissed

Bench: Shri V. Durga Rao & Shri Manoj Kumar Aggarwalआयकर अपील सं./I.T.A. Nos.3168 & 3255/Chny/2018 िनधा"रण वष"/Assessment Years: 2012-13 & 2014-15 M/S. Shriram Capital Limited, The Deputy Commissioner Of Vs. Shriram House, 1St Floor, No. 4, Income Tax, Burkit Road, T. Nagar, Corporate Circle 6(1), Chennai 600 017. Chennai 600 034. [Pan:Aabcs2726B] (अपीलाथ"/Appellant) (""थ"/Respondent) आयकर अपील सं./I.T.A. Nos.3216 & 3217/Chny/2018 िनधा"रण वष"/Assessment Years: 2012-13 & 2014-15 The Deputy Commissioner Of Vs. M/S. Shriram Capital Limited, Shriram House, 1St Floor, No. 4, Income Tax, Corporate Circle 6(1), Burkit Road, T. Nagar, Chennai 600 034. Chennai 600 017. (अपीलाथ"/Appellant) (""थ"/Respondent) Assessee By : Shri R. Sivaraman, Advocate Department By Shri Darzakhum Songate, Cit : सुनवाई की तारीख/ Date Of Hearing : 03.01.2022 घोषणा की तारीख /Date Of Pronouncement : 18.02.2022 आदेश /O R D E R Per V. Durga Rao: Both The Cross Appeals Filed By The Assessee As Well As Revenue Are Directed Against Different Orders Of The Ld. Commissioner Of Income Tax (Appeals) 15, Chennai Dated 29.08.2018 Relevant To The 2

section 143(3) r.w.s. 254 of the Act by recomputing the income of the assessee at ₹.3,48,31,838/- after making disallowance

DCIT, CORP CIR-6(1), CHENNAI vs. SHRIRAM CAPITAL LTD, CHENNAI

In the result, both the appeals filed by the assessee are allowed and the appeals filed by the Revenue are dismissed

Bench: Shri V. Durga Rao & Shri Manoj Kumar Aggarwalआयकर अपील सं./I.T.A. Nos.3168 & 3255/Chny/2018 िनधा"रण वष"/Assessment Years: 2012-13 & 2014-15 M/S. Shriram Capital Limited, The Deputy Commissioner Of Vs. Shriram House, 1St Floor, No. 4, Income Tax, Burkit Road, T. Nagar, Corporate Circle 6(1), Chennai 600 017. Chennai 600 034. [Pan:Aabcs2726B] (अपीलाथ"/Appellant) (""थ"/Respondent) आयकर अपील सं./I.T.A. Nos.3216 & 3217/Chny/2018 िनधा"रण वष"/Assessment Years: 2012-13 & 2014-15 The Deputy Commissioner Of Vs. M/S. Shriram Capital Limited, Shriram House, 1St Floor, No. 4, Income Tax, Corporate Circle 6(1), Burkit Road, T. Nagar, Chennai 600 034. Chennai 600 017. (अपीलाथ"/Appellant) (""थ"/Respondent) Assessee By : Shri R. Sivaraman, Advocate Department By Shri Darzakhum Songate, Cit : सुनवाई की तारीख/ Date Of Hearing : 03.01.2022 घोषणा की तारीख /Date Of Pronouncement : 18.02.2022 आदेश /O R D E R Per V. Durga Rao: Both The Cross Appeals Filed By The Assessee As Well As Revenue Are Directed Against Different Orders Of The Ld. Commissioner Of Income Tax (Appeals) 15, Chennai Dated 29.08.2018 Relevant To The 2

section 143(3) r.w.s. 254 of the Act by recomputing the income of the assessee at ₹.3,48,31,838/- after making disallowance

DCIT, CORP CIR-6(1), CHENNAI vs. SHRIRAM CAPITAL LTD, CHENNAI

In the result, both the appeals filed by the assessee are allowed and the appeals filed by the Revenue are dismissed

Bench: Shri V. Durga Rao & Shri Manoj Kumar Aggarwalआयकर अपील सं./I.T.A. Nos.3168 & 3255/Chny/2018 िनधा"रण वष"/Assessment Years: 2012-13 & 2014-15 M/S. Shriram Capital Limited, The Deputy Commissioner Of Vs. Shriram House, 1St Floor, No. 4, Income Tax, Burkit Road, T. Nagar, Corporate Circle 6(1), Chennai 600 017. Chennai 600 034. [Pan:Aabcs2726B] (अपीलाथ"/Appellant) (""थ"/Respondent) आयकर अपील सं./I.T.A. Nos.3216 & 3217/Chny/2018 िनधा"रण वष"/Assessment Years: 2012-13 & 2014-15 The Deputy Commissioner Of Vs. M/S. Shriram Capital Limited, Shriram House, 1St Floor, No. 4, Income Tax, Corporate Circle 6(1), Burkit Road, T. Nagar, Chennai 600 034. Chennai 600 017. (अपीलाथ"/Appellant) (""थ"/Respondent) Assessee By : Shri R. Sivaraman, Advocate Department By Shri Darzakhum Songate, Cit : सुनवाई की तारीख/ Date Of Hearing : 03.01.2022 घोषणा की तारीख /Date Of Pronouncement : 18.02.2022 आदेश /O R D E R Per V. Durga Rao: Both The Cross Appeals Filed By The Assessee As Well As Revenue Are Directed Against Different Orders Of The Ld. Commissioner Of Income Tax (Appeals) 15, Chennai Dated 29.08.2018 Relevant To The 2

section 143(3) r.w.s. 254 of the Act by recomputing the income of the assessee at ₹.3,48,31,838/- after making disallowance

SHRIRAM CAPITAL LTD,CHENNAI vs. DCIT, CORP CIR-6(1), CHENNAI

In the result, both the appeals filed by the assessee are allowed and the appeals filed by the Revenue are dismissed

Bench: Shri V. Durga Rao & Shri Manoj Kumar Aggarwalआयकर अपील सं./I.T.A. Nos.3168 & 3255/Chny/2018 िनधा"रण वष"/Assessment Years: 2012-13 & 2014-15 M/S. Shriram Capital Limited, The Deputy Commissioner Of Vs. Shriram House, 1St Floor, No. 4, Income Tax, Burkit Road, T. Nagar, Corporate Circle 6(1), Chennai 600 017. Chennai 600 034. [Pan:Aabcs2726B] (अपीलाथ"/Appellant) (""थ"/Respondent) आयकर अपील सं./I.T.A. Nos.3216 & 3217/Chny/2018 िनधा"रण वष"/Assessment Years: 2012-13 & 2014-15 The Deputy Commissioner Of Vs. M/S. Shriram Capital Limited, Shriram House, 1St Floor, No. 4, Income Tax, Corporate Circle 6(1), Burkit Road, T. Nagar, Chennai 600 034. Chennai 600 017. (अपीलाथ"/Appellant) (""थ"/Respondent) Assessee By : Shri R. Sivaraman, Advocate Department By Shri Darzakhum Songate, Cit : सुनवाई की तारीख/ Date Of Hearing : 03.01.2022 घोषणा की तारीख /Date Of Pronouncement : 18.02.2022 आदेश /O R D E R Per V. Durga Rao: Both The Cross Appeals Filed By The Assessee As Well As Revenue Are Directed Against Different Orders Of The Ld. Commissioner Of Income Tax (Appeals) 15, Chennai Dated 29.08.2018 Relevant To The 2

section 143(3) r.w.s. 254 of the Act by recomputing the income of the assessee at ₹.3,48,31,838/- after making disallowance

M/S. ASHOK LEYLAND LTD.,CHENNAI vs. DCIT, NCC-8(1), LTU-II, CHENNAI

In the result, the appeal of the assessee is partly allowed

Bench: Shri Aby T. Varkey & Shri Amitabh Shukla

disallowance of deduction claimed in respect of wealth tax of Rs.11,63,372/ of Rs.11,63,372/-. 4.1 At the outset, the Ld.AR for the assessee didn’t pre At the outset, the Ld.AR for the assessee didn’t pre At the outset, the Ld.AR for the assessee didn’t press this ground since in the assessee’s own case

TRIWAY CONTAINER FREIGHT STATION P LTD.,CHENNAI vs. ITO CORPORATE WARD 3(2), CHENNAI

In the result, both the appeals filed by the assessee are partly allowed for statistical purposes

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./I.T.A. Nos.254 & 255/Chny/2019 िनधा"रण वष"/Assessment Years: 2013-14 & 2014-15 M/S. Triway Container Freight Vs. The Income Tax Officer, Station P. Ltd., No. 14, Jaffer Street, Corporate Ward 3(2), Harbour, Chennai 600 001. Chennai – 34. [Pan:Aabct8013A] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri N. Arjun Raj, C.A. ""थ" की ओर से/Respondent By : Shri P. Sajit Kumar, Jcit सुनवाई की तारीख/ Date Of Hearing : 29.11.2022 घोषणा की तारीख /Date Of Pronouncement : 21.12.2022 आदेश /O R D E R Per V. Durga Rao: Both The Appeals Filed By The Assessee Are Directed Against Common Order Of The Ld. Commissioner Of Income Tax (Appeals) 11, Chennai Dated 06.12.2018 Relevant To The Assessment Years 2013-14 & 14-15. 2. Brief Facts Of The Case Are That The Assessee Has Filed Its Return Of Income On 28.09.2013 For The Assessment Year 2013-14 Admitting Nil Income After Claiming Deduction Under Section 80Ia(4) Of The Income

disallowance under section 14A of the Act is warranted. It was also submitted that the paid up share capital was ₹.7.50 crores and free reserves are ₹.43.22 crores totalling to ₹.50.82 crores which far 3 I.T.A. Nos. 254

TRIWAY CONTAINER FREIGHT STATION P LTD.,CHENNAI vs. ITO CORPORATE WARD 3(2), CHENNAI

In the result, both the appeals filed by the assessee are partly allowed for statistical purposes

Bench: Shri V. Durga Rao & Shri G. Manjunathaआयकर अपील सं./I.T.A. Nos.254 & 255/Chny/2019 िनधा"रण वष"/Assessment Years: 2013-14 & 2014-15 M/S. Triway Container Freight Vs. The Income Tax Officer, Station P. Ltd., No. 14, Jaffer Street, Corporate Ward 3(2), Harbour, Chennai 600 001. Chennai – 34. [Pan:Aabct8013A] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri N. Arjun Raj, C.A. ""थ" की ओर से/Respondent By : Shri P. Sajit Kumar, Jcit सुनवाई की तारीख/ Date Of Hearing : 29.11.2022 घोषणा की तारीख /Date Of Pronouncement : 21.12.2022 आदेश /O R D E R Per V. Durga Rao: Both The Appeals Filed By The Assessee Are Directed Against Common Order Of The Ld. Commissioner Of Income Tax (Appeals) 11, Chennai Dated 06.12.2018 Relevant To The Assessment Years 2013-14 & 14-15. 2. Brief Facts Of The Case Are That The Assessee Has Filed Its Return Of Income On 28.09.2013 For The Assessment Year 2013-14 Admitting Nil Income After Claiming Deduction Under Section 80Ia(4) Of The Income

disallowance under section 14A of the Act is warranted. It was also submitted that the paid up share capital was ₹.7.50 crores and free reserves are ₹.43.22 crores totalling to ₹.50.82 crores which far 3 I.T.A. Nos. 254

ACITLTU-2, CHENNAI vs. ASHOK LEYLAND LIMITED, CHENNAI

In the result, the appeal filed by the Revenue is partly allowed and the appeal filed by the assessee is partly allowed for statistical purposes

Bench: Shri S.S. Viswanethra Ravi & Shri Jagadishआयकर अपील सं./I.T.A. No.895/Chny/2018 िनधा"रण वष"/Assessment Year: 2009-10 Ashok Leyland Limited, Vs. The Deputy Commissioner Of 1, Sardar Patel Road, Guindy, Income Tax, Chennai 600 032. Company Circle – Ltu, Chennai. [Pan: Aaaca4651L] (अपीलाथ"/Appellant) (""थ"/Respondent) आयकर अपील सं./I.T.A. No.945/Chny/2018 िनधा"रण वष"/Assessment Year: 2009-10 The Assistant Commissioner Of Vs. Ashok Leyland Limited, Income Tax, 1, Sardar Patel Road, Guindy, Large Taxpayer Unit – 2, Chennai. Chennai 600 032. (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Assessee By : Shri Vikram Vijayaraghavan, Advocate (Virtual) ""थ" की ओर से/Respondent By : Shri Ar V Sreenivasan, Cit सुनवाई की तारीख/ Date Of Hearing : 10.11.2025 घोषणा की तारीख /Date Of Pronouncement : 05.02.2026 आदेश /O R D E R Per S.S. Viswanethra Ravi: Both The Cross Appeals Filed By The Assessee & The Revenue Are Directed Against The Order Dated 28.12.2017 Passed By The Ld.

section 14A r.w. Rule 8D. 13 I.T.A. Nos.895 & 945/Chny/18 27. Before us, the ld. AR raised an issue of recording satisfaction by the Assessing Officer, but, however, on perusal of the assessment order, the Assessing Officer discussed in detail, why the disallowance made by the assessee is not acceptable with reference to exempt income issue from para

ASHOK LEYLAND LIMITED,CHENNAI vs. DCIT COMPANY CIRCLE 1 (1), CHENNAI

In the result, the appeal filed by the Revenue is partly allowed and the appeal filed by the assessee is partly allowed for statistical purposes

Bench: Shri S.S. Viswanethra Ravi & Shri Jagadishआयकर अपील सं./I.T.A. No.895/Chny/2018 िनधा"रण वष"/Assessment Year: 2009-10 Ashok Leyland Limited, Vs. The Deputy Commissioner Of 1, Sardar Patel Road, Guindy, Income Tax, Chennai 600 032. Company Circle – Ltu, Chennai. [Pan: Aaaca4651L] (अपीलाथ"/Appellant) (""थ"/Respondent) आयकर अपील सं./I.T.A. No.945/Chny/2018 िनधा"रण वष"/Assessment Year: 2009-10 The Assistant Commissioner Of Vs. Ashok Leyland Limited, Income Tax, 1, Sardar Patel Road, Guindy, Large Taxpayer Unit – 2, Chennai. Chennai 600 032. (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Assessee By : Shri Vikram Vijayaraghavan, Advocate (Virtual) ""थ" की ओर से/Respondent By : Shri Ar V Sreenivasan, Cit सुनवाई की तारीख/ Date Of Hearing : 10.11.2025 घोषणा की तारीख /Date Of Pronouncement : 05.02.2026 आदेश /O R D E R Per S.S. Viswanethra Ravi: Both The Cross Appeals Filed By The Assessee & The Revenue Are Directed Against The Order Dated 28.12.2017 Passed By The Ld.

section 14A r.w. Rule 8D. 13 I.T.A. Nos.895 & 945/Chny/18 27. Before us, the ld. AR raised an issue of recording satisfaction by the Assessing Officer, but, however, on perusal of the assessment order, the Assessing Officer discussed in detail, why the disallowance made by the assessee is not acceptable with reference to exempt income issue from para

A.MOHAMED AYUB ALIAS SALIM,OOTACAMUND vs. ACIT, OOTY

In the result, the appeal of the assessee in ITA

Bench: Shri Chandra Poojari & Shri V. Durga Raoआयकर अपील सं./ I.T.A. Nos.1463 & 1464/Mds/2013 ("नधा"रण वष" / Assessment Year : 2009-2010)

254(2) of the Act to amend any order passed under sub-section (1), if any mistake apparent from the records is brought to the notice of the Tribunal, is based on the fundamental principle that no party appearing before the Tribunal, be it an assessee or the Department, should suffer on account of any mistake committed by the Tribunal

A.MOHAMED AYUB ALIAS SALIM,OOTACAMUND vs. ACIT, OOTY

In the result, the appeal of the assessee in ITA

Bench: Shri Chandra Poojari & Shri V. Durga Raoआयकर अपील सं./ I.T.A. Nos.1463 & 1464/Mds/2013 ("नधा"रण वष" / Assessment Year : 2009-2010)

254(2) of the Act to amend any order passed under sub-section (1), if any mistake apparent from the records is brought to the notice of the Tribunal, is based on the fundamental principle that no party appearing before the Tribunal, be it an assessee or the Department, should suffer on account of any mistake committed by the Tribunal

DCIT, CHENNAI vs. ASPIRE SYSTEMS (INDIA) P. LTD., CHENNAI

In the result, the both the appeals filed by the Revenue as well as the appeal filed by the assessee are allowed for statistical purposes

Bench: Shri V. Durga Rao & Shri Manoj Kumar Aggarwalआयकर अपील सं./I.T.A. Nos.2000/Chny/2019 & 762/Chny/2020 िनधा"रण वष"/Assessment Years: 2014-15 & 2011-12 The Deputy/Joint Commissioner Of Vs. M/S. Aspire Systems India Income Tax, Private Limited, Old. No. 4, New No. 7, Corporate Circle 1(1), Ii Trust Link Road, Mandaveli, Chennai 600 034. Chennai 600 028. [Pan:Aacca4543M] (अपीलाथ"/Appellant) (""थ"/Respondent) आयकर अपील सं./I.T.A. No. 785/Chny/2020 िनधा"रण वष"/Assessment Year: 2011-12 M/S. Aspire Systems India Vs. The Additional Commissioner Of Private Limited, Old. No. 4, New No. Income Tax, 7, Ii Trust Link Road, Mandaveli, Company Range-1, Chennai 600 028. Chennai. (अपीलाथ"/Appellant) (""थ"/Respondent) Department By : Shri S. Senthil Kumaran, Cit Assessee By : Ms. Jharna B. Harilal, Ca सुनवाई की तारीख/ Date Of Hearing : 22.12.2022 घोषणा की तारीख /Date Of Pronouncement 23.12.2022 : आदेश /O R D E R Per V. Durga Rao: These Appeals Filed By The Revenue As Well Are Assessee Are Directed Against Different Orders Of The Ld. Commissioner Of Income Tax (Appeals) 1, Chennai, Dated 29.03.2019 Relevant To The Assessment Year

disallowed ₹.18,22,76,102/- for the assessment year 2014-15 and ₹.4,54,82,254/- for the assessment year 2011-12 under section

M/S. ASPIRE SYSTEMS INDIA PRIVATE LIMITED,CHENNAI vs. ADL. CIT, COMPANY RANGE-1, CHENNAI

In the result, the both the appeals filed by the Revenue as well as the appeal filed by the assessee are allowed for statistical purposes

Bench: Shri V. Durga Rao & Shri Manoj Kumar Aggarwalआयकर अपील सं./I.T.A. Nos.2000/Chny/2019 & 762/Chny/2020 िनधा"रण वष"/Assessment Years: 2014-15 & 2011-12 The Deputy/Joint Commissioner Of Vs. M/S. Aspire Systems India Income Tax, Private Limited, Old. No. 4, New No. 7, Corporate Circle 1(1), Ii Trust Link Road, Mandaveli, Chennai 600 034. Chennai 600 028. [Pan:Aacca4543M] (अपीलाथ"/Appellant) (""थ"/Respondent) आयकर अपील सं./I.T.A. No. 785/Chny/2020 िनधा"रण वष"/Assessment Year: 2011-12 M/S. Aspire Systems India Vs. The Additional Commissioner Of Private Limited, Old. No. 4, New No. Income Tax, 7, Ii Trust Link Road, Mandaveli, Company Range-1, Chennai 600 028. Chennai. (अपीलाथ"/Appellant) (""थ"/Respondent) Department By : Shri S. Senthil Kumaran, Cit Assessee By : Ms. Jharna B. Harilal, Ca सुनवाई की तारीख/ Date Of Hearing : 22.12.2022 घोषणा की तारीख /Date Of Pronouncement 23.12.2022 : आदेश /O R D E R Per V. Durga Rao: These Appeals Filed By The Revenue As Well Are Assessee Are Directed Against Different Orders Of The Ld. Commissioner Of Income Tax (Appeals) 1, Chennai, Dated 29.03.2019 Relevant To The Assessment Year

disallowed ₹.18,22,76,102/- for the assessment year 2014-15 and ₹.4,54,82,254/- for the assessment year 2011-12 under section

JCIT (OSD), CORPORATE CIRCLE - 1 (1),, CHENNAI vs. M/S. ASPIRE SYSTEMS INDIA PVT. LTD,, CHENNAI

In the result, the both the appeals filed by the Revenue as well as the appeal filed by the assessee are allowed for statistical purposes

Bench: Shri V. Durga Rao & Shri Manoj Kumar Aggarwalआयकर अपील सं./I.T.A. Nos.2000/Chny/2019 & 762/Chny/2020 िनधा"रण वष"/Assessment Years: 2014-15 & 2011-12 The Deputy/Joint Commissioner Of Vs. M/S. Aspire Systems India Income Tax, Private Limited, Old. No. 4, New No. 7, Corporate Circle 1(1), Ii Trust Link Road, Mandaveli, Chennai 600 034. Chennai 600 028. [Pan:Aacca4543M] (अपीलाथ"/Appellant) (""थ"/Respondent) आयकर अपील सं./I.T.A. No. 785/Chny/2020 िनधा"रण वष"/Assessment Year: 2011-12 M/S. Aspire Systems India Vs. The Additional Commissioner Of Private Limited, Old. No. 4, New No. Income Tax, 7, Ii Trust Link Road, Mandaveli, Company Range-1, Chennai 600 028. Chennai. (अपीलाथ"/Appellant) (""थ"/Respondent) Department By : Shri S. Senthil Kumaran, Cit Assessee By : Ms. Jharna B. Harilal, Ca सुनवाई की तारीख/ Date Of Hearing : 22.12.2022 घोषणा की तारीख /Date Of Pronouncement 23.12.2022 : आदेश /O R D E R Per V. Durga Rao: These Appeals Filed By The Revenue As Well Are Assessee Are Directed Against Different Orders Of The Ld. Commissioner Of Income Tax (Appeals) 1, Chennai, Dated 29.03.2019 Relevant To The Assessment Year

disallowed ₹.18,22,76,102/- for the assessment year 2014-15 and ₹.4,54,82,254/- for the assessment year 2011-12 under section

M/S T vs. MOTOR COMPANY LIMITED,CHENNAIVS.ACIT CORPORATE CIRCLE 3 (1), CHENNAI

In the result, the appeal of the Revenue and the assessee are\ndecided as under:-\n\n| ITA Nos\n| Assessment\nYear\nResult\n| IT(TP)A No

disallowed by the assessing officer on the ground that there was no\nprovision under the Income Tax Act to make amendment in the return of income\nby modifying an application at the assessment stage without revising the return.\n3. This appellant's appeal before the Commissioner (Appeals) was allowed.\nHowever, the order of the further appeal of the department before

YCH LOGISTICS (INDIA) PRIVATE LIMITED,KANCHEEPURAM vs. DCIT, CHENNAI

In the result, the appeal of the assessee is allowed

Bench: Shri Mahavir Singhand Shri Manoj Kumar Aggarwal

section 254(1) of the Income-tax Act which limits the jurisdiction of the Appellate Tribunal in any manner. For reasons which we have set out earlier, the phrase "pass such order thereon" does not in any way restrict the jurisdiction of the Tribunal but, on the contrary, confers the wides possible jurisdiction of the Appellate Tribunal including jurisdiction

THE INDIA CEMENTS LIMITED,CHENNAI vs. DCIT CORPORATE CIRCLE 2(1) CHENNAI, CHENNAI

disallowance of the deduction\nclaimed under Section 80-IA, by holding as under:-\nITA No.2174/Chny/2024 (AY 2017-18)\nM/s. The India Cements Ltd.\n:: 27 ::\n\"On perusal of the details submitted by the Assessee, it is noted that the\nAssessee owns as windmill at Kayathar and Waste Heat Recovery Plant at\nVishunupuram. The profits derived from these units, being

MAGICK WOODS EXPORTS P LTD.,CHENNAI vs. DCIT, CHENNAI

In the result, the appeal of the assessee is partly allowed for statistical purposes

Bench: Shri A. Mohan Alankamony

254 of the Act. 2. The assessee has raised several grounds in its appeal; however the crux of the issue is that:- i. The Ld.CIT(A) has erred in upholding the order of Ld.AO, who had disallowed the amount of Rs.2,69,590/- , invoking the provisions of Section