AJMER DEVELOPMENT AUTHORITY,AJMER vs. CIT(EXEMPTION)/ ITO (EXEMPTION), JAIPUR / JODHPUR
In the result, the stay application filed by the assessee is dismissed
ITA 89/JODH/2022[2012-13]Status: DisposedITAT Jodhpur22 Mar 2023AY 2012-13
Bench: Shri Kul Bharatshri Manish Borad
Section 143(3)Section 147Section 263
2(a)) to Sec 263
4.2 In CIT vs. Chemsworth Pvt. Ltd. (2020) 275 Taxman 408
(Kar), it was held that:
"Revision—Erroneous and prejudicial order—AO taking plausible view—A0 completed the assessment without considering expenditure which was not allowable under s.
14A—CIT held that non-consideration of disallowable expenditure under s. 14A was erroneous and is prejudicial
