Applicability of the Provision of section 14A
Last updated: 03 June 2013
Court :
INCOME TAX APPELLATE TRIBUNAL
Brief :
That having regard to the facts and circumstances of the case ld.CIT(A) has erred in law and on facts in not giving full benefit of expenditure as claimed by the assessee and has further erred in directing to ld.AO to allow the expenditure only to the extent @ 50% along with 50% depreciation instead of 100% for the purpose of business on the basis of surmises and conjectures.
Citation :
Deputy Commissioner of Income Tax, Circle-1(1), New Delhi. (Appellant) Vs. M/s AES (India) Pvt.Ltd., A-138, First Floor, Dayanand Colony, Lajpat Nagar-IV, New Delhi.PAN: AACCA3059J. (Respondent)
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Published in Income Tax
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