DCIT, Pune Vs. John Deere India Pvt. Ltd.

Parties Involved

Facts Summary

The assessee, John Deere India Pvt. Ltd., is a company engaged in manufacturing of tractors, agricultural equipments, micro irrigation equipments, and spare parts. It filed its return of income on 29.11.2016 declaring total income of Rs.775,75,65,910/-. The case was selected for scrutiny, and statutory notices were issued. The Assessing Officer disallowed an amount of Rs.3,73,19,882/- under section 14A of the Income Tax Act, 1961. The assessee appealed to the Commissioner of Income Tax (Appeals) who deleted the addition made by the Assessing Officer. The Revenue is in appeal before the Tribunal against the order of the CIT(A).…

Legal Issues

• 1. Whether the disallowance made by the Assessing Officer under section 14A of the Income Tax Act, 1961 is justified?
• 2. Whether the order of the CIT(A) deleting the addition made by the Assessing Officer is correct?

Judgment Outcome

Decided in favour of Revenue.

Precedents Relied Upon

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