CIT can not directed AO for disallowance under sec 14A by invoking Rule 8D of the IT Act.
Last updated: 26 December 2011
Court :
INCOME TAX APPELLATE TRIBUNAL
Brief :
The above appeal is filed by assessee against the order dated 01.06.2009 of the ld. CIT-XII (Admn.), Kolkata pertaining to A.yr. 2005-06.
This appeal is against order u/s 263 of the IT Act wherein the ld.CIT(Admn) has directed the AO to make disallowance u/s 14A of the IT Act by invoking Rule 8D of the IT Rules.
Citation :
(APPELLANT)Sri Kedar Nath Agarwal, Kolkata(PAN: ADAPA 4902 G)Versus-(RESPONDENT) D.C.I.T., Circle-35,Kolkata
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CS Bijoy
Published in Income Tax
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