KHANNA AUTOMOBILES REWA,REWA vs. INCOME TAX OFFICER, REWA
In the result, the appeal of the assessee is allowed for statistical purposes
ITA 39/JAB/2024[2014-15]Status: DisposedITAT Jabalpur30 Jun 2025AY 2014-15
Bench: Shri Kul Bharat & Shri, Nikhil Choudharyassessment Year: 2014-15 Khanna Automobiles V. Income Tax Officer 01 M/S Khanna Automobile, Ward-1 Bus Stand, Rewa, Madhya Income Tax Office, Kothi Pradesh-486001. Compound, Behind Customer Forum, Rewa- 486001. Pan:Aahfk4140J (Appellant) (Respondent) Appellant By: Shri Sapan Usrethe, Adv. Respondent By: Shri Alok Bhura, Sr. Cit(Dr) Date Of Hearing: 20 05 2025 Date Of Pronouncement: 30 06 2025 O R D E R
For Appellant: Shri Sapan Usrethe, AdvFor Respondent: Shri Alok Bhura, Sr. CIT(DR)
Section 143(2)Section 143(3)Section 147Section 148
Section 14A of the Act as it had paid interest of Rs.2,04,615/- to partners and Rs.12,47,308/- to the bank. The assessee firm had earned exempt income, therefore, as per the Assessing Officer the expenses related to such income was required to be disallowed in terms of Rule 8D of the Rules. Further, the AO made
