M/s. V.T.M. Limited, Virudhunagar V. DCIT, Madurai

ITA 2075/CHNY/2019

• Counselvise Citation: [2020] 111 COUNSELVISE.COM (IT) 5008 (ITAT-CHENNAI)
• Duration Of Justice: 7 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 19-02-2020
• Appeal Filed By: Assessee
• Order Result: Partly Allowed
• Bench Allotted: D
• Assessment Year: misc
• Appeal Filed On: 12-07-2019
• Result in Favour of: Partly Allowed
• Court: TRIBUNAL
• Department Lawyers: R ANITA
• Assessee Lawyers: N ARJUN RAJ C A SHRI S SRIDHAR
• Keywords: Rule 8D
• Section: 14A

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL D BENCH: CHENNAI , . , BEFORE SHRI INTURI RAMA RAO , ACCOU NTANT MEMBER AND SHRI DUVVURU RL REDDY , JUDICIAL MEMBER ./ ITA NO.2075/CHNY/2019 /ASSESSMENT YEAR: 2014-15 M/S. VTM LIMITED, SULAKARAI, VIRUDHUNAGAR 626 003. [PAN: AAACV 3775E] VS. THE DEPUTY COMMISSIONER OF INCOME TAX CORPORATE CIRCLE 2 MADURAI ( /APPELLANT) ( /RESPONDENT) / APPELLANT BY : SHRI N. ARJUNRAJ, C.A FOR SHRI S. SRIDHAR, ADVOCATE /RESPONDENT BY : MS. R. ANITA, JCIT /DATE OF HEARING : 06.02.2020 /DATE OF PRONOUNCEMENT : 19.02.2020 / O R D E R PER DUVVURU RL REDDY , JUDICIAL MEMBER : THIS IS AN APPEAL FILED BY THE ASSESSEE DIRECTED AGAINST THE ORDER OF THE LD. COMMISSIONER OF INCOME TAX (APPEALS)-1, MADURAI DATED 24.05.2019 FOR THE ASSESSMENT YEAR 2014-15. THE GROUNDS RAISED IN THE APPEAL OF THE ASSESSEE ARE THAT THE LD. CIT(A) HAS ERRED IN CONFIRMING THE DISALLOWANCE MADE UNDER SECTION 14A R.W. RULE 8D AS WELL AS CONFIRMING DISALLOWANCE UNDER SECTION 14A R.W. RULE