M/S. TREASURE WORLD DEVELOPERS PVT. LTD.,INDORE vs. THE ACIT 2(1), INDORE
In the result both the Cross Appeals are dismissed
ITA 398/IND/2014[2009-10]Status: DisposedITAT Indore27 Jun 2024AY 2009-10
Bench: Shri Vijay Pal Rao & Shri B.M. Biyanim/S. Treasure World Acit 4(1), बनाम/ Developers Pvt. Ltd, Indore Vs. Through Office Of The Official Liquidator, High Court Of Bombay, Bank Of India Building, 5Th Floor, M.G. Road, Indore (Pan: Abopb0352F ) (Assessee/Appellant) (Revenue/Respondent) Acit 4(1), M/S. Treasure World बनाम/ Indore Developers Pvt. Ltd, Vs. Through Office Of The Official Liquidator, High Court Of Bombay, Bank Of India Building, 5Th Floor, M.G. Road, Indore (Pan: Abopb0352F ) (Revenue/Appellant) (Assessee/Respondent)
Section 14ASection 178
disallowance of
Rs.12,01,08,567/- on account of interest expenditure under Rule
8D(2)(i) and Rs.1,40,50,474/- under rule
8D(2)(ii) and
Rs.46,40,398/- under rule 8D(2)(iii) being 5% of average value of
investment.
4. Ld. DR stated that the CIT(A) has granted relief to the assessee
and deleted the addition
