Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
From the Courts »
Open DEMAT Account in 24 hrs
 Attachment on Cash Credit of Assessee under GST Act: Delhi HC directs Bank to Comply Instructions to Vacate

OPG Securities Pvt. Ltd. OPG House, 4/10, Asaf Ali Road, New Delhi Vs. DCIT Circle 19 (1) New Delhi
January, 11th 2021

ITA No.599/DEL/2018

Assessment Year: 2013-14

Appellant  by Sh. Rohit Jain, Advocate

Respondent by Ms. Rakhi Vimal, Sr. DR

 

This appeal by the assessee is preferred against the order of the CIT(A)-38, New Delhi dated 23.10.2017 pertaining to A.Y. 2013-14.

 2. The assessee is aggrieved by two additions first disallowance u/s.14A and second disallowance of interest u/s. 36 (1) (iii) of the Act.

3. Briefly stated the appellant is a member of Bombay Stock exchange and national stock exchange and is indulge in the business of share trading. During the course of the scrutiny assessment proceedings the AO noticed that the assessee has earned dividend income of Rs.364490/-. The AO noticed that the assessee has not disallowed any expenses for earning the exempt income u/s. 14A of the Act.

4. The AO was of the firm belief that disallowances u/s.14A r.w rule 8D has to be made and accordingly computed the disallowance at Rs.13.59 lacs.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting