Court :
INCOME TAX APPELLATE TRIBUNAL
Brief :
On the facts and circumstances of the case, the order passed by the learned Commissioner of Income Tax (Appeals), CIT(A) is bad, both in the eyes of law and on facts.
2. On the facts and circumstances of the case, the learned CIT(A) has erred, both on the facts and in law, in confirming the action of the AO to the extent of disallowing Rs.40,00,000/- u/s 14A of the income tax Act holding it as expenses in relation to earning to income which does not form part of the total income
Citation :
M/s. Neel Metal Products Ltd., 601, Hemkunt Chamber, Nehru Place, New Delhi – 110 018. (PAN: AABCN6304Q) (Appellant) Vs. Addl. CIT, Range 13, New Delhi.(Respondent)
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