AO can made addition under sec 14A read with rule 8D the dividend received from investment out of surplus fund
Court :
INCOME TAX APPELLATE TRIBUNAL
Brief :
This appeal of the assessee is directed against the order passed by the CIT (A)- IV, New Delhi, dated 17.02.2012, relevant to assessment year 2008-09, whereby confirmation of addition of Rs.2,56,019/- on account of estimated expenditure u/s 14A of the I.T. Act, 1961 has been challenged
Assessing Officer made addition of Rs.2,56,019/-, u/s 14A of the I.T. Act, 1961 read with Rule 8D of the I.T. Rules, 1962, against which assessee preferred appeal.
Citation :
Amrita Mouldings Pvt. Ltd., 129, Jorbagh, New Delhi.(PAN/GIR No.AAACA1774A) (Appellant) Vs. DCIT, Circle 1(1), New Delhi. (Respondent)
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CS Bijoy
Published in Income Tax
Views : 2658
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