If the Assessee file return within the time prescribed under sec 139(1) than setting off loss in the revised return under sec 139(5) cannot be allowed
Last updated: 17 March 2012
Court :
INCOME TAX APPELLATE TRIBUNAL
Brief :
We have heard the ld AR of the assessee as well as the ld DR and considered the relevant material on record. The Assessing Officer has disallowed a sum of Rs.1,61,390/- u/s 14A by applying Rule 8D of I T Rules. The CIT(A) has confirmed the disallowance made by the Assessing Officer.
Citation :
Glazers Exports (I) P Ltd 103 Delux Courtm Roabahadur V B Road(off) Turner Road)Bandra (W)Mumbai (Appellant) Vs The Income Tax OfficerWard 1(1)(4), Mumbai (Respondent)
You have reached daily limit of 2 Free Judgements. To view this or other Judgements please subscribe to CCI PRO :
Stay updated! Stay ads free
Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.
CCI PRO annual subscription :
Original Price : INR 2999/-
Offer Price : INR 1999/-
Duration : 1 year
(Prices Inclusive of GST)
Know More
Note: If you are a PRO member already, please click here to login (for ad free experience)
CS Bijoy
Published in Income Tax
Views : 1674
Comments
Trending Online Classes
-
LIVE Course on GSTR-9 & GSTR-9C (Technical | Practical | Concept - Based)
Sachin Jain03 November 2025
CAclubindia
