Addl. CIT, Special Range-9, New Delhi. Vs Tourism Finance Corporation of India Ltd.

Parties Involved

Facts Summary

The appeal is preferred by the Revenue against the order dated 10.05.2018 of the Commissioner of Income-tax (Appeals)-9, New Delhi in Appeal No.117/2016-17 arising out of the appeal against the order dated 14.03.2016 passed u/s 143(3) of the Income Tax Act, 1961 by the JCIT, Range-25, New Delhi. The assessee did not appear for the hearing and the record shows that notices issued have been received back with the report that the assessee had left without address. The only issue for consideration is the disallowance made u/s 14A of the Act r.w.r 8D, by the AO as stands, deleted by the ld.CIT(A).…

Legal Issues

• 1. Disallowance made u/s 14A of the Act r.w.r 8D by the AO as stands, deleted by the ld.CIT(A).

Judgment Outcome

Decided in favour of Revenue.

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