MEGA ENGINEERS & BUILDERS,PORT BLAIR vs. DCIT, CIR. 3(2) , PORT BLAIR

In the result, the appeal of assessee is allowed

Bench: Shri Rajesh Kumar&Shri Pradip Kumar Choubey]

ia). Ground No. 1 of the Revenue’s appeal is accordingly dismissed. 5. Grounds No. 3 to 5 involve a common issue relating to the deletion by the ld. CIT(Appeals) of the disallowance of Rs.36,60,39,331/- made by the Assessing Officer under section 14A of the Income Tax Act, 1961 read with Rule 8D of the Income