M/S. RISHI KIRAN LOGISTICS PVT. LTD.,,GANDHIDHAM vs. THE JOINT COMMR. OF INCOME TAX,, GANDHIDHAM
In the result, appeal filed by the assessee is partly allowed
ITA 160/RJT/2015[2010-11]Status: DisposedITAT Rajkot31 Jan 2019AY 2010-11
Bench: Shri Mahavir Prasad & Shri Waseem Ahmed)
For Appellant: Shri Jitendra Kumar, CIT/DRFor Respondent: Shri M.J. Ranpura, A.R
Section 143(3)Section 144ASection 14ASection 40A(2)(a)Section 44ASection 80I
35D of the Act and accordingly disallowed the same.
(v) Disallowed Rs. 30,94,549/- by invoking provisions of section 14A of the Act on the alleged ground that appellant failed to prove one-to-one nexus from bank account that investment has been done entirely from its own funds.
(vi) Alleged that assessee (i) paid excessive terminal handling charges
