DCIT,CIRCLE-12(1), KOLKATA, KOLKATA vs. M/S DALMIA SECURITIES PVT. LTD., KOLKATA
In the result, the appeal filed by the assessee ( in ITA no
ITA 2078/KOL/2016[2011-12]Status: DisposedITAT Kolkata31 Aug 2017AY 2011-12
Bench: Shri N. V. Vasudevan, Jm & Dr. A.L.Saini, Am आयकरअपीलसं./Ita No.1937/Kol/2016 (िनधा"रणवष" / Assessment Year: 2011-12 Dalmia Securities (P) Ltd. Vs. D.C.I.T, Cir-12, Kolkata Ideal Plaza, 4Th Floor, 11/1 Sarat Bose Aayakarbhawan, P-7, Rood, Kolkata – 700 069. Chowrighee Square, Kolkata – 700 069. "थायीलेखासं./जीआइआरसं./Pan/Gir No. : Aabcd1813G (Assessee) .. (Revenue/Department) आयकरअपीलसं./Ita No.2078/Kol/2016 (िनधा"रणवष" / Assessment Year: 2011-12 D.C.I.T, Cir-12, Kolkata Vs. Dalmia Securities (P) Ltd. Aayakarbhawan, P-7, Ideal Plaza, 4Th Floor, 11/1 Chowrighee Square, Kolkata – Sarat Bose Rood, Kolkata – 700 069. 700 069. "थायीलेखासं./जीआइआरसं./Pan/Gir No. : Aabcd 1813 G (Revenue/Department) .. (Assessee) िनधा"रतीकीओरसे /Assessee By : Shri Asim Choudhury, Advocate राज"कीओरसे /Revenue By :Shri Sallongyaden, Acit, Dr सुनवाईकीतारीख/ Date Of Hearing : 16/08/2017 घोषणाकीतारीख/Date Of Pronouncement: 31/08/2017 आदेश / O R D E R Per Dr. Arjun Lal Saini, Am: The Captioned Two Cross-Appeals Filed By The Assessee & Revenue Pertaining To Assessment Year 2011-12, Is Directed Against The Order Passed By The Ld. Cit(A), Kolkata In Appeal No.499/Cit(A)-18/11-12/Cir- 12(1)/Kol, Dated 08.08.2016, Which Is Turn Arises Out Of An Order Passed By The Assessing Officer U/S143(3) Of The Income Tax Act, 1961,(Herein After Referred To As The ‘Act’), Dated 21.02.2014. 2. These Two Cross-Appeals Filed By The Assessee & Revenue Respectively Relate To The Same Assessee, Same Assessment Year, Identical
For Appellant: Shri Asim Choudhury, AdvocateFor Respondent: Shri SallongYaden, ACIT, DR
Section 143(3)Section 14A
section 14A Rs.50,89,392/-
Therefore, a sum of Rs.50,89,392/- was disallowed by AO, as expenses incurred for earning exempt income. Assesseecompany has already disallowed
Rs.30321/- u/s.14A read with Rule 8D (2) (i). Accordingly, difference amount of Rs.50,59,071/- [(50,89,392/-) – (30,321/-)] was added back to total income of the assessee.
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Dalmia Securities
