Case Law Details
Case Name : JCIT Vs M/s IMC Ltd (ITAT Kolkata)
Related Assessment Year : 2008-09
Courts :
All ITAT ITAT Kolkata
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JCIT Vs M/s IMC Ltd (ITAT Kolkata)
In this case AO had directly made the disallowance under section 14A by abruptly rejecting workings of assessee without having any cogent reason to deny the claim made by the assessee no expenditure was incurred for earning exempt income, the disallowance was deleted.
FULL TEXT OF THE ITAT JUDGMENT
1. These cross appeals by the assessee as well as revenue arise out of the common order passed by the Learned Commissione
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