RAJASTHAN MARUDHARA GRAMIN BANK ,JODHPUR vs. ACIT, CIRCLE-3, JODHPUR

In the result, the appeal of the assessee bearing ITA No

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

section would be applicable to Sec 14A (3). 4.1 The ld. AR submitted a calculation which are reproduced as below: Formula A.O’s wrong working Appellant’s correct working A * B 4,41,49,88,428 * 15,00,00,000 0*15,00,00,000 I.T.A. No. 125/Jodh/2022 6 Assessment Year: 2015-16 C 81,07,68

HITKARI AND SWARAJ ENTERPRISES PRIVATE LIMITED,BARMER vs. PR. CIT-1, JODHPUR

In the result, the appeal of the assessee is allowed