ACIT WARDHA CIRCLE,, WARDHA vs. JAMNALAL SONS PVT LID., WARDHA
In the result, appeal of the Revenue in ITA No
ITA 283/NAG/2015[2009-10]Status: DisposedITAT Nagpur16 Jan 2020AY 2009-10
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.
For Appellant: NoneFor Respondent: Shri U.U. Kesar
Section 115JSection 143(3)Section 14A
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
