Maruti Traders & Investors vs. ACIT, Circle-35, Kolkata

Parties Involved

Facts Summary

This appeal was filed by Maruti Traders & Investors against the order of the Commissioner of Income Tax (A), Bhubaneswar dated 23.04.2025 passed under Section 250 of the Income-tax Act, 1961. The appeal was directed against the disallowance made under Section 14A of the Act, which was restricted to the amount of dividend income. During the hearing, the appellant's representative stated that the assessee does not wish to press the grounds of appeal relating to the disallowance. An application was filed by the appellant's representative before the Bench stating these facts.…

Legal Issues

• 1. Disallowance made under Section 14A of the Income-tax Act, 1961 relating to dividend income.

Judgment Outcome

Decided in favour of Revenue.

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