Late Smt. Hoorjahan Begum vs. Tghe Income Tax Officer

Appeal stands disposed off

Bench: RAMESH RANGANATHAN,S.RAVI KUMAR

241/- p.m. as per Ex. PW2/2. The form 16 A of Late Sh. Vijit Sharma is Ex. PW2/3 (Colly) 5 sheets. The Appointment Letter is Ex. PW2/4 (Colly) 4 sheets. Late Vijit Sharma was our permanent employee and he was very good employee. His performance was excellent. Our company used to give salary increment annually and sometimes before one year

Commissioner of Income Tax-III, vs. M/s Sree Rayalaseema Green Energy Limited,

241/- was received. The assessee had himself disallowed an amount of Rs.99,310/- under Section 14A. The tribunal has held that the aforesaid disallowance was reasonable. The Assessing Officer had disallowed an amount of Rs.69,65,686/- and held this was the reasonable expenditure incurred to earn dividend income of Rs.3,95,439/-. In view of the facts noticed above