ACIT WARDHA CIRCLE,, WARDHA vs. JAMNALAL SONS PVT LID., WARDHA

In the result, appeal of the Revenue in ITA No

Bench: Shri D. Karunakara Rao, Am & Shri Partha Sarathi Chaudhury, Jm आयकर अपीऱ सं. / Ita No. 34/Nag/2015 ननिाारण वषा / Assessment Year : 2011-12 The Deputy Commissioner Of Income Tax, Wardha Circle, Wardha. .......अऩीऱाथी / Appellant बनाम / V/S.

14A r.w. Rule 8D was not justified because the assessee has its own sufficient funds which were invested in the shares and were utilized for incurring the various other expenses and no interest has been paid on these surplus funds available with the assessee. Accordingly, we delete the disallowance of Rs.1,40,06,686/- sustained by the learned

DY. CIT- WARDHA CIRCLE,, WARDHA vs. JAMNALAL SONS PVT. LTD.,, WARDHA

In the result, appeal of the Revenue in ITA No

Bench: Shri D. Karunakara Rao, Am & Shri Partha Sarathi Chaudhury, Jm आयकर अपीऱ सं. / Ita No. 34/Nag/2015 ननिाारण वषा / Assessment Year : 2011-12 The Deputy Commissioner Of Income Tax, Wardha Circle, Wardha. .......अऩीऱाथी / Appellant बनाम / V/S.

14A r.w. Rule 8D was not justified because the assessee has its own sufficient funds which were invested in the shares and were utilized for incurring the various other expenses and no interest has been paid on these surplus funds available with the assessee. Accordingly, we delete the disallowance of Rs.1,40,06,686/- sustained by the learned

ACIT WARDHA CIRCLE,, WARDHA vs. JAMNALAL SONS PVT LID., WARDHA

In the result, appeal of the Revenue in ITA No

Bench: Shri D. Karunakara Rao, Am & Shri Partha Sarathi Chaudhury, Jm आयकर अपीऱ सं. / Ita No. 34/Nag/2015 ननिाारण वषा / Assessment Year : 2011-12 The Deputy Commissioner Of Income Tax, Wardha Circle, Wardha. .......अऩीऱाथी / Appellant बनाम / V/S.

14A r.w. Rule 8D was not justified because the assessee has its own sufficient funds which were invested in the shares and were utilized for incurring the various other expenses and no interest has been paid on these surplus funds available with the assessee. Accordingly, we delete the disallowance of Rs.1,40,06,686/- sustained by the learned

ASSTT. COMMISSIONER OF INCOME TAX.CIRCLE-7, NAGPUR vs. M/S BALLARPUR INDUSTRIES LTD., GURGAON

Bench: Shri Shamim Yahya (Am) & Shri Ram Lal Negi (Jm) Assessment Year: 2008-09 The Acit, Circle-7, M/S Ballarpur Industries Ltd., Room No. 521, 5Th Floor, First India Palace, Gurgao Road, Mecl Building, Haryana Nagpur Vs. Pan : Aaacb5343E

14A? 2. Whether on the facts and in the circumstances of the case and in law the Ld. CIT (A) was right in holding that investments were made out of the non-interest bearing funds and as no expenditure has been incurred for earning the exempt income without appreciating the fact that the 3 Assessment Year: 2008-09 assessee