THE MAHABIR JUTE MILLS LIMITED,GORAKHPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2 , GORAKHPUR

In the result, (i) the appeal of the assessee for AY 2009-10 is partly allowed and for AY 2020-21 is treated as allowed

Bench: Shri B.R. Baskaran (Am) & Shri Amit Shukla (Jm)

95,800/-. 6. The next issue contested by the assessee relates to the disallowance made u/s 14A of the Act. 6.1 The AO noticed that the assessee has made investments to the tune of Rs.2.00 crores on 26-03-2009. Accordingly, the AO took the view that a portion of expenses should be disallowed

DCIT,, GORAKHPUR vs. M/S MAHABIR JITE MILLS, LTD., GORAKHPUR