DCIT, CIR-11(1), KOLKATA, KOLKATA vs. M/S KHAITAN INDIA LTD, KOLKATA
In the result, the appeals filed by the Revenue(in Ground Nos
ITA 1217/KOL/2015[2009-2010]Status: DisposedITAT Kolkata20 Dec 2017AY 2009-2010
Bench: Shri A. T. Varkey, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita No.1216 & 1217/Kol/2015 ("नधा"रणवष" / Assessment Years: 2008-09 & 2009-10) Dcit, Circle-11(1), Kol Vs. M/S. Khaitan India Ltd. P-7, Chowringhee Square, Kolkata 46C, J.L. Nehru Road, – 69. “Everest House”, 18Th Floor, Kolkata – 700 071. "थायीलेखासं./जीआइआरसं./Pan/Gir No. : Aabck 2326 B (Assessee) .. (Respondent) Assesseeby:Shrisallongyaden, Addl. Cit Respondent By:Shri Arvind Agarwal, Adv. & Shri. Sanjay Bhattacharya, Fca सुनवाईक"तार"ख/ Date Of Hearing : 21/09/2017 घोषणाक"तार"ख/Date Of Pronouncement : 20/11/2017
For Appellant: ShriSallongYaden, Addl. CITFor Respondent: Shri Arvind Agarwal, Adv. & Shri. Sanjay Bhattacharya, FCA
Section 10(34)Section 143(1)Section 143(2)Section 143(3)Section 14A
Section 14A by applying Rule 8D is bad in law. This judgment also explains that the disallowance under Rule 8D(2)(ii) should be in respect of the investments which yielded exempt income. Respectfully, following the judgment of the jurisdictional Calcutta High Court, Kolkata, we find no infirmity in the order passed by the ld. CIT(A). Therefore, we confirm