Case Law Details
Case Name : ACIT Vs Anagram Capital Ltd. (formerly known as Anagram Securities Ltd.) (ITAT Ahmedabad)
Related Assessment Year : 2006-07
Courts :
All ITAT ITAT Ahmedabad
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This appeal is against restricting the addition to 6 lacs out of total addition Rs.44,42,330/- made u/s. 14A of the Act. The ld.Sr.DR vehemently argued that the ld.CIT(A) was not justified in restricting the addition. He placed reliance on the assessment order.
On the contrary, the ld.counsel for the assessee submitted that the AO made disallowance by invoking the provisions of section 14A of the Act and applying the Rule 8D of the IT Rules, 1962, but the assessment order is involved in this appeal is AY 2006-07 and, therefore Rule 8D in this year is not applicable. He submitted that the inter...
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The judgement has not been properly understood,as in the cross appeal of the assessee,no part of interest has been disallowed by the Hon’ble ITAT.
The judgement has not been properly,as in the cross appeal of the assessee,no part of interest has been disallowed by the Hon’ble ITAT.