ITO, WARD - 12(4), KOLKATA vs. M/S. HALDIA PETROCHEMICALS LTD., KOLKATA

Bench: Shri N.V.Vasusdevan & Shri Waseem Ahmed

disallowance under section 14A as per rule 8D. Additional Grounds of appeal ITA No.581 & 587/Kol/2009 A.Y. 2005-06 Haldia Petrochemicals Ltd. V. JCIT, Rng-12 Kol. Page 3 1. For that in any event the provisions of section 234B and 234C are not attracted in a case where there was no liability to pay any advance tax under section

HALDIA PETROCHEMICALS LIMITED,KOLKATA vs. JCIT, RANGE - 12, KOLKATA

Bench: Shri N.V.Vasusdevan & Shri Waseem Ahmed

disallowance under section 14A as per rule 8D. Additional Grounds of appeal ITA No.581 & 587/Kol/2009 A.Y. 2005-06 Haldia Petrochemicals Ltd. V. JCIT, Rng-12 Kol. Page 3 1. For that in any event the provisions of section 234B and 234C are not attracted in a case where there was no liability to pay any advance tax under section

UNIVERSAL INDUSTRIAL FUND LTD.,KOLKATA vs. DCIT, C IRCLE- 6, KOLKATA, KOLKATA

In the result, assessee’s appeal stands partly allowed

Bench: Shri Waseem Ahmed & Shri S.S.Viswanethra Raviassessment Year :2007-08

disallowed both the aforesaid items after having reliance on clause (i) of the Explanation to Section 115JB of the Act. ITA No.1838/Kol/2010 A.Y. 2007-08 Universal Industrial Fund Ltd. v. DCIT, Cir-6, Kol. Page 13 21. Matter was carried before Ld. CIT(A) who after hearing assessee has sustained the addition made by AO for working out the book