A.C.I.T., CIRCLE-12(2), KOLKATA, KOLKATA vs. M/S STABLE TRADING COMPANY LIMITED, KOLKATA
In the result, the appeal of the revenue is dismissed
ITA 2122/KOL/2016[2010-11]Status: DisposedITAT Kolkata15 Feb 2018AY 2010-11
Bench: Itat House Property Rs.4,53,600/- Loss From Business Rs.(-) 20,58,153 Add: 14A Disallowance Rs.36,41`,968/- Rs.15,83,815/- Short Term Capital Gain 9,37,49,029/- Total Income Rs.9,57,86,444/- Tax On Above On Rs. 20,37,415/- @33.99% Rs.6,92,517/- On Rs.9,37,49,029/- Rs.1,59,32,647/- Total Tax Rs.1,66,25,164/- Income As Computed After Cit(A) Effect Of Section 14A. House Property Rs.4,53,600/- Loss From Business (-)Rs.20,58,153/- Short Term Capital Gain Rs.9,37,49,029/- Total Income 9,21,44,476/- 1
For Appellant: Shri Arindam Bhattacharjee, Addl.CIT, ld.Sr.DRFor Respondent: Shri Sunil Surana, CA, ld.AR
Section 14A
2. At the outset, the ld.AR of the assessee has filed a statement regarding details of computation of income and submitted tax effect is below the monetary limit as prescribed and the relevant details are hereunder:-
Income computation of AO after giving relief of income from house property which has not been disputed by the department before ITAT
House property
