DCIT, CIRCLE -3(1), VISAKHAPATNAM vs. NORD ANGLIA EDUCATION INFRASTRUCTURE PRIVATE LIMITED, VISAKHAPATNAM

In the result, all the appeals filed by the revenue, viz

Bench: Shri Ravish Sood & Shri Balakrishnan S.

depreciation is allowed. Hence, this ground of appeal without prejudice is allowed. 6.4. Ground of Appeal No. 5– 14A disallowance of Rs 15.42 lacs The Appellant had earned dividend income of Rs. 20,585/- from investments made in quoted equity shares. Appellant submitted that no expenditure has been incurred for earning the exempt income. AO made an addition

DCIT, CIRCLE - 3(1), , VISAKHAPATNAM vs. NORD ANGLIA EDUCATION INFRASTRUCTURE PRIVATE LIMITED, VISAKHAPATNAM

depreciation is allowed. Hence, this ground\nof appeal without prejudice is allowed.\n6.4. Ground of Appeal No. 5– 14A disallowance of Rs 15.42 lacs\nThe Appellant had earned dividend income of Rs. 20,585/- from\ninvestments made in quoted equity shares. Appellant submitted that no\nexpenditure has been incurred for earning the exempt income. AO\nmade an addition