ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE -2, SURAT vs. M/S AALIDHAR TEXTOOL ENGINEERS PVT. LTD., SURAT

In the result, the grounds of appeal raised by Revenue are partly allowed

Bench: Shri Pawan Singh & Dr. Arjun Lal Saini

section 14A is not permissible. The assessee while filing return of income furnished complete separate working and sub-annexures in the audit report itself with the heading “Expenses related with exempt income” and Assessing Officer has not found fault it therein. The ld. AR submits that all the sub-annexures which is formal part of audit report and copy thereof

ASST. COMMISSIONER OF INCOME TAX, CC-2, SURAT vs. AALIDHAARA TEXTOOL ENGINEERS PVT. LTD, SURAT

In the result, the grounds of appeal raised by Revenue are partly allowed