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37 results for “disallowance”+ Section 211clear

Sorted by relevance

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Key Topics

Section 143(3)29Section 14A27Section 4019Section 143(2)17Section 153A14Addition to Income13Disallowance11Section 14810Section 143(1)8

NIKHIL CONSTRUCTIONS,,VISAKHAPATNAM vs. THE INCOME TAX OFFICER, WARD-3(2),, VISAKHAPATNAM

In the result, appeal filed by the assessee in ITA No

ITA 139/VIZ/2019[2011-12]Status: DisposedITAT Visakhapatnam23 Jan 2023AY 2011-12

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Ble

For Appellant: NoneFor Respondent: Shri Sankar Pandi, Sr. AR
Section 143(1)Section 143(2)Section 143(3)Section 147Section 148Section 263Section 28Section 40

211/- u/s. 40(a)(ia) of the Act and added the same to the 6 total income of the assessee. Further, the Ld. AO restricted the claim of deduction made by the assessee U/s. 40(b) of the Act to the extent of Rs.84,973/- as against the assessee’s claim of Rs. 2,29,771/- and made disallowance

Showing 1–20 of 37 · Page 1 of 2

Section 686
Deduction6
Unexplained Cash Credit4

NIKHIL CONSTRUCTIONS, ,VISAKHAPATNAM vs. THE INCOME TAX OFFICER, WARD-3(2),, VISAKHAPATNAM

In the result, appeal filed by the assessee in ITA No

ITA 132/VIZ/2019[2010-11]Status: DisposedITAT Visakhapatnam23 Jan 2023AY 2010-11

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Ble

For Appellant: NoneFor Respondent: Shri Sankar Pandi, Sr. AR
Section 143(1)Section 143(2)Section 143(3)Section 147Section 148Section 263Section 28Section 40

211/- u/s. 40(a)(ia) of the Act and added the same to the 6 total income of the assessee. Further, the Ld. AO restricted the claim of deduction made by the assessee U/s. 40(b) of the Act to the extent of Rs.84,973/- as against the assessee’s claim of Rs. 2,29,771/- and made disallowance

NIKHIL CONSTRUCTIONS, ,VISAKHAPATNAM vs. THE INCOME TAX OFFICER, WARD-3(2), , VISAKHAPATNAM

In the result, appeal filed by the assessee in ITA No

ITA 487/VIZ/2019[2010-11]Status: DisposedITAT Visakhapatnam23 Jan 2023AY 2010-11

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Ble

For Appellant: NoneFor Respondent: Shri Sankar Pandi, Sr. AR
Section 143(1)Section 143(2)Section 143(3)Section 147Section 148Section 263Section 28Section 40

211/- u/s. 40(a)(ia) of the Act and added the same to the 6 total income of the assessee. Further, the Ld. AO restricted the claim of deduction made by the assessee U/s. 40(b) of the Act to the extent of Rs.84,973/- as against the assessee’s claim of Rs. 2,29,771/- and made disallowance

NIKHIL CONSTRUCTIONS, ,VISAKHAPATNAM vs. THE INCOME TAX OFFICER, WARD-3(2),, VISAKHAPATNAM

In the result, appeal filed by the assessee in ITA No

ITA 133/VIZ/2019[2011-12]Status: DisposedITAT Visakhapatnam23 Jan 2023AY 2011-12

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Ble

For Appellant: NoneFor Respondent: Shri Sankar Pandi, Sr. AR
Section 143(1)Section 143(2)Section 143(3)Section 147Section 148Section 263Section 28Section 40

211/- u/s. 40(a)(ia) of the Act and added the same to the 6 total income of the assessee. Further, the Ld. AO restricted the claim of deduction made by the assessee U/s. 40(b) of the Act to the extent of Rs.84,973/- as against the assessee’s claim of Rs. 2,29,771/- and made disallowance

ITO, WARD-2(1),, GUNTUR vs. VASANTHA TRADERS, GUNTUR

In the result, appeal of the revenue is dismissed

ITA 17/VIZ/2018[2013-14]Status: DisposedITAT Visakhapatnam04 May 2018AY 2013-14

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.17/Viz/2018 (धनधाारण िर्ा/Assessment Year:2013-14) Ito Vs. M/S Vasantha Traders Ward-2(1) D.No.4-383/6, Guntur Thimmapuram(V) Edlapadu(M) Guntur [Pan :Aahfv8178M] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलाथी की ओर से/ Appellant By : Shri V.Appala Raju, Dr प्रत्यथी की ओर से / Respondent By : Shri G.V.N.Hari, Ar सुनिाई की तारीख / Date Of Hearing : 26.04.2018 04 .05.2018 घोषणा की तारीख/Date Of Pronouncement :

For Appellant: Shri V.Appala Raju, DRFor Respondent: Shri G.V.N.Hari, AR
Section 14A

disallowance. On appeal to the High Court: ITA No. 343/Hyd/2017 M/s Vasantha Traders, Hyderabad. Section 14A was inserted providing that no deduction shall be allowable in respect of expenditure incurred in relation to the earning of income exempt from taxation. The Supreme Court in the judgment in the case of CIT v. Walfort Share & Stock Brokers

THE ACIT, CIRCLE - 1(1),, VISAKHAPATNAM vs. VISAKHAPATNAM PORT AUTHORITY,, VISAKHAPATNAM

In the result, CO raised by the assessee is disposed off as discussed herein above

ITA 399/VIZ/2014[2011-12]Status: DisposedITAT Visakhapatnam27 Sept 2023AY 2011-12

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./ I.T.A. No.25/Viz/2014 ("नधा"रणवष"/ Assessment Year :2010-11) Visakhapatnam Port Authority, Vs. Addl. Cit, (Formerly Known As M/S. Range-1, Visakhapatnam Port Trust) Visakhapatnam. Visakhapatnam. Pan: Aaalv0035C (अपीलाथ"/ Appellant) (""यथ"/ Respondent)

disallowance U/s. 14A can be made when there is no exempt income during the relevant assessment year. The Ld. AR further submitted that during the AY 2010-11, the assessee has not earned any exempt income and hence invoking the provisions of section 14A is not valid in law. The Ld. AR further relied on the following case laws with

VISAKHAPATNAM PORT AUTHORITY,,VISAKHAPATNAM vs. THE ACIT, CIRCLE - 1(1),, VISAKHAPATNAM

In the result, CO raised by the assessee is disposed off as discussed herein above

ITA 26/VIZ/2014[2011-12]Status: DisposedITAT Visakhapatnam27 Sept 2023AY 2011-12

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./ I.T.A. No.25/Viz/2014 ("नधा"रणवष"/ Assessment Year :2010-11) Visakhapatnam Port Authority, Vs. Addl. Cit, (Formerly Known As M/S. Range-1, Visakhapatnam Port Trust) Visakhapatnam. Visakhapatnam. Pan: Aaalv0035C (अपीलाथ"/ Appellant) (""यथ"/ Respondent)

disallowance U/s. 14A can be made when there is no exempt income during the relevant assessment year. The Ld. AR further submitted that during the AY 2010-11, the assessee has not earned any exempt income and hence invoking the provisions of section 14A is not valid in law. The Ld. AR further relied on the following case laws with

VISAKHAPATNAM PORT AUTHORITY,,VISAKHAPATNAM vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1(1),, VISAKHAPATNAM

In the result, CO raised by the assessee is disposed off as discussed herein above

ITA 236/VIZ/2020[2016-17]Status: DisposedITAT Visakhapatnam27 Sept 2023AY 2016-17

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./ I.T.A. No.25/Viz/2014 ("नधा"रणवष"/ Assessment Year :2010-11) Visakhapatnam Port Authority, Vs. Addl. Cit, (Formerly Known As M/S. Range-1, Visakhapatnam Port Trust) Visakhapatnam. Visakhapatnam. Pan: Aaalv0035C (अपीलाथ"/ Appellant) (""यथ"/ Respondent)

disallowance U/s. 14A can be made when there is no exempt income during the relevant assessment year. The Ld. AR further submitted that during the AY 2010-11, the assessee has not earned any exempt income and hence invoking the provisions of section 14A is not valid in law. The Ld. AR further relied on the following case laws with

THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1(1),, VISAKHAPATNAM vs. VISAKHAPATNAM PORT AUTHORITY, , VISAKHAPTNAM

In the result, CO raised by the assessee is disposed off as discussed herein above

ITA 67/VIZ/2021[2016-17]Status: DisposedITAT Visakhapatnam27 Sept 2023AY 2016-17

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./ I.T.A. No.25/Viz/2014 ("नधा"रणवष"/ Assessment Year :2010-11) Visakhapatnam Port Authority, Vs. Addl. Cit, (Formerly Known As M/S. Range-1, Visakhapatnam Port Trust) Visakhapatnam. Visakhapatnam. Pan: Aaalv0035C (अपीलाथ"/ Appellant) (""यथ"/ Respondent)

disallowance U/s. 14A can be made when there is no exempt income during the relevant assessment year. The Ld. AR further submitted that during the AY 2010-11, the assessee has not earned any exempt income and hence invoking the provisions of section 14A is not valid in law. The Ld. AR further relied on the following case laws with

THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1(1),, VISAKHAPATNAM vs. VISAKHAPATNAM PORT AUTHORITY,, VISAKHAPATNAM

In the result, CO raised by the assessee is disposed off as discussed herein above

ITA 49/VIZ/2021[2015-16]Status: DisposedITAT Visakhapatnam27 Sept 2023AY 2015-16

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./ I.T.A. No.25/Viz/2014 ("नधा"रणवष"/ Assessment Year :2010-11) Visakhapatnam Port Authority, Vs. Addl. Cit, (Formerly Known As M/S. Range-1, Visakhapatnam Port Trust) Visakhapatnam. Visakhapatnam. Pan: Aaalv0035C (अपीलाथ"/ Appellant) (""यथ"/ Respondent)

disallowance U/s. 14A can be made when there is no exempt income during the relevant assessment year. The Ld. AR further submitted that during the AY 2010-11, the assessee has not earned any exempt income and hence invoking the provisions of section 14A is not valid in law. The Ld. AR further relied on the following case laws with

VISAKHAPATNAM PORT AUTHORITY, ,VISAKHAPATNAM vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1(1),, VISAKHAPATNAM

In the result, CO raised by the assessee is disposed off as discussed herein above

ITA 235/VIZ/2020[2015-16]Status: DisposedITAT Visakhapatnam27 Sept 2023AY 2015-16

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./ I.T.A. No.25/Viz/2014 ("नधा"रणवष"/ Assessment Year :2010-11) Visakhapatnam Port Authority, Vs. Addl. Cit, (Formerly Known As M/S. Range-1, Visakhapatnam Port Trust) Visakhapatnam. Visakhapatnam. Pan: Aaalv0035C (अपीलाथ"/ Appellant) (""यथ"/ Respondent)

disallowance U/s. 14A can be made when there is no exempt income during the relevant assessment year. The Ld. AR further submitted that during the AY 2010-11, the assessee has not earned any exempt income and hence invoking the provisions of section 14A is not valid in law. The Ld. AR further relied on the following case laws with

THE VISAKHAPATNAM PORT AUTHORITY,,VISAKHAPATNAM vs. THE ASST. CIT,, VISAKHAPATNAM

In the result, CO raised by the assessee is disposed off as discussed herein above

ITA 325/VIZ/2017[2012-2013]Status: DisposedITAT Visakhapatnam27 Sept 2023AY 2012-2013

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./ I.T.A. No.25/Viz/2014 ("नधा"रणवष"/ Assessment Year :2010-11) Visakhapatnam Port Authority, Vs. Addl. Cit, (Formerly Known As M/S. Range-1, Visakhapatnam Port Trust) Visakhapatnam. Visakhapatnam. Pan: Aaalv0035C (अपीलाथ"/ Appellant) (""यथ"/ Respondent)

disallowance U/s. 14A can be made when there is no exempt income during the relevant assessment year. The Ld. AR further submitted that during the AY 2010-11, the assessee has not earned any exempt income and hence invoking the provisions of section 14A is not valid in law. The Ld. AR further relied on the following case laws with

VISAKHAPATNAM PORT AUTHORITY,,VISAKHAPATNAM vs. THE ACIT,, VISAKHAPATNAM

In the result, CO raised by the assessee is disposed off as discussed herein above

ITA 397/VIZ/2014[2011-12]Status: DisposedITAT Visakhapatnam27 Sept 2023AY 2011-12

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./ I.T.A. No.25/Viz/2014 ("नधा"रणवष"/ Assessment Year :2010-11) Visakhapatnam Port Authority, Vs. Addl. Cit, (Formerly Known As M/S. Range-1, Visakhapatnam Port Trust) Visakhapatnam. Visakhapatnam. Pan: Aaalv0035C (अपीलाथ"/ Appellant) (""यथ"/ Respondent)

disallowance U/s. 14A can be made when there is no exempt income during the relevant assessment year. The Ld. AR further submitted that during the AY 2010-11, the assessee has not earned any exempt income and hence invoking the provisions of section 14A is not valid in law. The Ld. AR further relied on the following case laws with

VISAKHAPATNAM PORT AUTHORITY,,VISAKHAPATNAM vs. THE ACIT,, VISAKHAPATNAM

In the result, CO raised by the assessee is disposed off as discussed herein above

ITA 12/VIZ/2015[2011-12]Status: DisposedITAT Visakhapatnam27 Sept 2023AY 2011-12

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./ I.T.A. No.25/Viz/2014 ("नधा"रणवष"/ Assessment Year :2010-11) Visakhapatnam Port Authority, Vs. Addl. Cit, (Formerly Known As M/S. Range-1, Visakhapatnam Port Trust) Visakhapatnam. Visakhapatnam. Pan: Aaalv0035C (अपीलाथ"/ Appellant) (""यथ"/ Respondent)

disallowance U/s. 14A can be made when there is no exempt income during the relevant assessment year. The Ld. AR further submitted that during the AY 2010-11, the assessee has not earned any exempt income and hence invoking the provisions of section 14A is not valid in law. The Ld. AR further relied on the following case laws with

VISAKHAPATNAM PORT AUTHORITY,,VISAKHAPATNAM vs. THE ADDL. CIT.,, VISAKHAPATNAM

In the result, CO raised by the assessee is disposed off as discussed herein above

ITA 25/VIZ/2014[2010-11]Status: DisposedITAT Visakhapatnam27 Sept 2023AY 2010-11

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./ I.T.A. No.25/Viz/2014 ("नधा"रणवष"/ Assessment Year :2010-11) Visakhapatnam Port Authority, Vs. Addl. Cit, (Formerly Known As M/S. Range-1, Visakhapatnam Port Trust) Visakhapatnam. Visakhapatnam. Pan: Aaalv0035C (अपीलाथ"/ Appellant) (""यथ"/ Respondent)

disallowance U/s. 14A can be made when there is no exempt income during the relevant assessment year. The Ld. AR further submitted that during the AY 2010-11, the assessee has not earned any exempt income and hence invoking the provisions of section 14A is not valid in law. The Ld. AR further relied on the following case laws with

VISAKHAPATNAM PORT AUTHORITY,,VISAKHAPATNAM vs. THE ACIT,, VISAKHAPATNAM

In the result, CO raised by the assessee is disposed off as discussed herein above

ITA 396/VIZ/2014[2010-11]Status: DisposedITAT Visakhapatnam27 Sept 2023AY 2010-11

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./ I.T.A. No.25/Viz/2014 ("नधा"रणवष"/ Assessment Year :2010-11) Visakhapatnam Port Authority, Vs. Addl. Cit, (Formerly Known As M/S. Range-1, Visakhapatnam Port Trust) Visakhapatnam. Visakhapatnam. Pan: Aaalv0035C (अपीलाथ"/ Appellant) (""यथ"/ Respondent)

disallowance U/s. 14A can be made when there is no exempt income during the relevant assessment year. The Ld. AR further submitted that during the AY 2010-11, the assessee has not earned any exempt income and hence invoking the provisions of section 14A is not valid in law. The Ld. AR further relied on the following case laws with

THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1, , KAKINADA vs. KPR AGROCHEM LIMITED, BALABHADRAPURAM

In the result, appeals filed by the revenue in I

ITA 81/VIZ/2021[2017-18]Status: DisposedITAT Visakhapatnam15 Jun 2023AY 2017-18

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./I.T.A.No.80/Viz/2021 & 81/Viz/2021 (ननधधारण वर्ा / Assessment Year : 2016-17 & 2017-18) Dy.Commissioner Of Income Tax Vs. M/S K.P.R.Agrochem Ltd Circle-1 D.No.8-256, Tata Nagar Kakinada Balabhadrapuram East Godavari [Pan : Aadck0257B] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A.No.221/Viz/2022 To 223/Viz/2022 (ननधधारण वर्ा / Assessment Year : 2013-14, 2014-15 & 2015-16) M/S K.P.R.Agrochem Ltd Vs. Dy.Commissioner Of D.No.8-256, Tata Nagar Income Tax Balabhadrapuram Circle-1 East Godavari Kakinada [Pan : Aadck0257B] अपीलधथी की ओर से/ Appellant By : Shri G.V.N.Hari, Ar Shri A.Chakradhar, Ar प्रत्यधथी की ओर से / Respondent By : Shri On Hari Prasada Rao, Dr सुनवधई की तधरीख / Date Of Hearing : 20.03.2023 घोर्णध की तधरीख/Date Of Pronouncement : 15.06.2023 आदेश /O R D E R Per Shri Duvvuru Rl Reddy:

For Appellant: Shri G.V.N.Hari, ARFor Respondent: Shri ON Hari Prasada Rao, DR
Section 143(2)Section 14ASection 80I

disallowance of the expenditure incurred to earn exempt income in terms of section 14A read with rule 8D would not arise. His further contention is that the CBDT Circular dated 11 May 2014 cannot override the expressed provisions of section 14A read with Rule 8D. He also relied on the following decisioons of the Hon’ble High Court of Madras

KPR AGROCHEM LIMITED,BALABHADRAPURAM vs. DCIT CIRCLE-1, KAKINADA

In the result, appeals filed by the revenue in I

ITA 223/VIZ/2022[2015-16]Status: DisposedITAT Visakhapatnam15 Jun 2023AY 2015-16

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./I.T.A.No.80/Viz/2021 & 81/Viz/2021 (ननधधारण वर्ा / Assessment Year : 2016-17 & 2017-18) Dy.Commissioner Of Income Tax Vs. M/S K.P.R.Agrochem Ltd Circle-1 D.No.8-256, Tata Nagar Kakinada Balabhadrapuram East Godavari [Pan : Aadck0257B] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A.No.221/Viz/2022 To 223/Viz/2022 (ननधधारण वर्ा / Assessment Year : 2013-14, 2014-15 & 2015-16) M/S K.P.R.Agrochem Ltd Vs. Dy.Commissioner Of D.No.8-256, Tata Nagar Income Tax Balabhadrapuram Circle-1 East Godavari Kakinada [Pan : Aadck0257B] अपीलधथी की ओर से/ Appellant By : Shri G.V.N.Hari, Ar Shri A.Chakradhar, Ar प्रत्यधथी की ओर से / Respondent By : Shri On Hari Prasada Rao, Dr सुनवधई की तधरीख / Date Of Hearing : 20.03.2023 घोर्णध की तधरीख/Date Of Pronouncement : 15.06.2023 आदेश /O R D E R Per Shri Duvvuru Rl Reddy:

For Appellant: Shri G.V.N.Hari, ARFor Respondent: Shri ON Hari Prasada Rao, DR
Section 143(2)Section 14ASection 80I

disallowance of the expenditure incurred to earn exempt income in terms of section 14A read with rule 8D would not arise. His further contention is that the CBDT Circular dated 11 May 2014 cannot override the expressed provisions of section 14A read with Rule 8D. He also relied on the following decisioons of the Hon’ble High Court of Madras

KPR AGROCHEM LIMITED,BALABHADRAPURAM vs. DCIT CIRCLE-1, KAKINADA

In the result, appeals filed by the revenue in I

ITA 221/VIZ/2022[2013-14]Status: DisposedITAT Visakhapatnam15 Jun 2023AY 2013-14

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./I.T.A.No.80/Viz/2021 & 81/Viz/2021 (ननधधारण वर्ा / Assessment Year : 2016-17 & 2017-18) Dy.Commissioner Of Income Tax Vs. M/S K.P.R.Agrochem Ltd Circle-1 D.No.8-256, Tata Nagar Kakinada Balabhadrapuram East Godavari [Pan : Aadck0257B] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A.No.221/Viz/2022 To 223/Viz/2022 (ननधधारण वर्ा / Assessment Year : 2013-14, 2014-15 & 2015-16) M/S K.P.R.Agrochem Ltd Vs. Dy.Commissioner Of D.No.8-256, Tata Nagar Income Tax Balabhadrapuram Circle-1 East Godavari Kakinada [Pan : Aadck0257B] अपीलधथी की ओर से/ Appellant By : Shri G.V.N.Hari, Ar Shri A.Chakradhar, Ar प्रत्यधथी की ओर से / Respondent By : Shri On Hari Prasada Rao, Dr सुनवधई की तधरीख / Date Of Hearing : 20.03.2023 घोर्णध की तधरीख/Date Of Pronouncement : 15.06.2023 आदेश /O R D E R Per Shri Duvvuru Rl Reddy:

For Appellant: Shri G.V.N.Hari, ARFor Respondent: Shri ON Hari Prasada Rao, DR
Section 143(2)Section 14ASection 80I

disallowance of the expenditure incurred to earn exempt income in terms of section 14A read with rule 8D would not arise. His further contention is that the CBDT Circular dated 11 May 2014 cannot override the expressed provisions of section 14A read with Rule 8D. He also relied on the following decisioons of the Hon’ble High Court of Madras

KPR AGROCHEM LIMITED,BALABHADRAPURAM vs. DCIT CIRCLE-1, KAKINADA

In the result, appeals filed by the revenue in I

ITA 222/VIZ/2022[2014-15]Status: DisposedITAT Visakhapatnam15 Jun 2023AY 2014-15

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./I.T.A.No.80/Viz/2021 & 81/Viz/2021 (ननधधारण वर्ा / Assessment Year : 2016-17 & 2017-18) Dy.Commissioner Of Income Tax Vs. M/S K.P.R.Agrochem Ltd Circle-1 D.No.8-256, Tata Nagar Kakinada Balabhadrapuram East Godavari [Pan : Aadck0257B] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A.No.221/Viz/2022 To 223/Viz/2022 (ननधधारण वर्ा / Assessment Year : 2013-14, 2014-15 & 2015-16) M/S K.P.R.Agrochem Ltd Vs. Dy.Commissioner Of D.No.8-256, Tata Nagar Income Tax Balabhadrapuram Circle-1 East Godavari Kakinada [Pan : Aadck0257B] अपीलधथी की ओर से/ Appellant By : Shri G.V.N.Hari, Ar Shri A.Chakradhar, Ar प्रत्यधथी की ओर से / Respondent By : Shri On Hari Prasada Rao, Dr सुनवधई की तधरीख / Date Of Hearing : 20.03.2023 घोर्णध की तधरीख/Date Of Pronouncement : 15.06.2023 आदेश /O R D E R Per Shri Duvvuru Rl Reddy:

For Appellant: Shri G.V.N.Hari, ARFor Respondent: Shri ON Hari Prasada Rao, DR
Section 143(2)Section 14ASection 80I

disallowance of the expenditure incurred to earn exempt income in terms of section 14A read with rule 8D would not arise. His further contention is that the CBDT Circular dated 11 May 2014 cannot override the expressed provisions of section 14A read with Rule 8D. He also relied on the following decisioons of the Hon’ble High Court of Madras