ACIT-CENTRAL CIRCLE -2(1), NAGPUR vs. SHRI NANDKUMAR KHATTUMAL HARCHANDANI , NAGPUR

disallowance U/s. 14A applying Rule 8D-CIT(A) deleted addition-ITAT confirmed deletion-Held, despite notices by AO to give details of expenditure made on earning of exempted income in nature of dividend, version of assessee was that he had not made any expenditure on earning such income-AO as per Section

DEPUTY COMMISSIONER OF INCOME TAX , CENTRAL CIRCEL-1(2, NAGPUR vs. M/S. VIBRANT GLOBAL CAPITAL LTD., MUMBAI

In the result, appeal filed by the Revenue is dismissed

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

disallowance to be made under section 14A of the Act at ` 25,99,737. The aforesaid sum comprising of two amounts being ` 10,09,988, on account of interest in terms of Rule 8D

ACIT-CENTRAL CIRCLE -2(1), NAGPUR vs. SHRI NANDKUMAR KHATTUMAL HARCHANDANI , NAGPUR

In the result, appeal of the Revenue stands dismissed

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

disallowance U/s. 14A applying Rule 8D-CIT(A) deleted addition-ITAT confirmed deletion-Held, despite notices by AO to give details of expenditure made on earning of exempted income in nature of dividend, version of assessee was that he had not made any expenditure on earning such income-AO as per Section

SHRIRAM DADAJI MATTE,NAGPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1, NAGPUR

In the result, appeal filed by the assessee for the assessment year

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

disallowance can be made under section 14A r/w rule 8D of ` 54,893. Accordingly, we set aside the impugned order

SHRIRAM DADAJI MATTE,NAGPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1, NAGPUR

In the result, appeal filed by the assessee for the assessment year

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

disallowance can be made under section 14A r/w rule 8D of ` 54,893. Accordingly, we set aside the impugned order

ASSISTANT COMMISSIONER OF INCOME TAX , CHANDRAPUR CIRCLE , CHANDRAPUR vs. M/S CHANDRAPUR DISTRICT CENTRAL CO-OPRATIVE BANK LIMTED , CHANDRAPUR

In the result, appeal filed by the Revenue is allowed for statistical purposes

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

8D of the I.T. Rules without appreciating the fact that the provisions of section 14A with regard to dividend income were upheld by the Hon'ble Apex court in the case of Maxopp Investment Ltd. Vs. CIT. 7. Any other ground that may be raise during the proceedings.” 11. As already discussed above, the assessee in the present case

ACIT, CHANDRAPUR CIRCLE , CHANDRAPUR vs. CHANDRAPUR DISTT. CENTRAL CO-OP BANK LTD , CHANDRAPUR

In the result, appeal filed by the Revenue is allowed for statistical purposes

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

8D of the I.T. Rules without appreciating the fact that the provisions of section 14A with regard to dividend income were upheld by the Hon'ble Apex court in the case of Maxopp Investment Ltd. Vs. CIT. 7. Any other ground that may be raise during the proceedings.” 11. As already discussed above, the assessee in the present case

DEPUTY COMMISSIONER OF INCOME TAX, AMRAVATI & CHANDRAPUR CIRCLE, AMRAVATI vs. CHANDRAPUR DISTRICT CENTRAL CO-OP BANK LTD., CHANDRAPUR

In the result, appeal filed by the Revenue is allowed for statistical purposes

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

8D of the I.T. Rules without appreciating the fact that the provisions of section 14A with regard to dividend income were upheld by the Hon'ble Apex court in the case of Maxopp Investment Ltd. Vs. CIT. 7. Any other ground that may be raise during the proceedings.” 11. As already discussed above, the assessee in the present case

M/S SHREE STEEL CQASTINGS PVT. LTD ,NAGPUR vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE -1, NAGPUR

In the result, Assessee’s appeal is partly allowed

Bench: Shri Narender Kumar Choudhrym/S. Shree Steel Castings Dcit, Circle-1, Nagpur Pvt. Ltd., T/38/1, Midc, Vs. Hingna Road, Nagpur. Pan: Aaccs 4071 J (Appellant) (Respondent)

disallowance of interest by picking revise of the provision of 8D of the Income Tax Rules, 1962 (in short, ‘Rules’) read with section