HOTEL POLO TOWER PRIVATE LIMITED,SHILLONG vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE- SHILLONG, SHILLONG
In the result, the appeal of the assessee is allowed
ITA 287/GTY/2019[-]Status: DisposedITAT Guwahati11 Nov 2021
Bench: Shri Partha Sarathi Choudhury & Shri Manoj Kumar Aggarwali.T.A. No.287/Gau/2019 Assessment Year: 2016-17 Hotel Polo Towers (P) Ltd..…….……………….…………...………..….. Appellant Polo Grounds, Shillong-793001, Meghalaya. [Pan: Aabct0864B] Vs. Acit, Circle, Shillong………….....….………………………………… Respondent Appearances By: Shri K. M. Roy, Ca, Appeared On Behalf Of The Appellant. Shri N.T. Sherpa, Jcit, Sr. Dr, Appeared On Behalf Of The Respondent. Date Of Concluding The Hearing : November 10, 2021 Date Of Pronouncing The Order : November 11, 2021 Order Shri Partha Sarathi Choudhury:
Section 14ASection 14A(2)
68,10,645/-. It was further observed that the assessee had not shown any expenses debited to P&L A/c which relate to exempt income. Hence, provision of section 14A r.w. Rule 8D was applied and addition u/s 14A at Rs.7,83,511/- was made and added to the total income of the assessee. That at the time
