Principal Commissioner Of Income Tax (Central) - 1 v. Claridges Hotels Pvt. Ltd. Through None
High Court
15 May 2018 In favour of: Assessee
Forum / Bench
High Court · dhcdb
Parties
Principal Commissioner Of Income Tax (Central) - 1 v. Claridges Hotels Pvt. Ltd. Through None
Date of order
15 May 2018
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Principal Commissioner Of Income Tax (Central) - 1 v. Claridges Hotels Pvt. Ltd. Through None, the High Court (2018) dismissed the appeal. The decision went in favour of the assessee.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
Sections referenced in this judgment
The order — as passed by the High Court
$~71
* IN THE HIGH COURT OF DELHI AT NEW DELHI
+ ITA 585/2018 AND CM APPL. 20004/2018
PRINCIPAL COMMISSIONER OF INCOME TAX (CENTRAL) - 1
..... Appellant Through Mr. Sanjay Kumar, Adv.
versus
CLARIDGES HOTELS PVT. LTD. Through None.
..... Respondent
CORAM:
HON'BLE MR. JUSTICE S. RAVINDRA BHAT HON'BLE MR. JUSTICE A. K. CHAWLA O R D E R% 15.05.2018
In the Revenue’s appeal filed under Section 260A of the Income Tax Act (‘the Act’), the issue is with respect to the disallowance under Section 14A of the Act. The assessee had volunteered the amount over `2,78,38,017/- towards deduction. The AO worked out disallowance by applying Rule 8D at `5,20,64,236/-; thus added the difference over `2,42,26,219/-. Both the CIT(A) and the ITAT granted the relief. The ITAT followed the decision of this Court in Cheminvest Ltd. v. ACIT, 378 ITR 33. Consequently, no question of law arises. The appeal is dismissed. The pending application also stands disposed off.
S. RAVINDRA BHAT, J
MAY 15, 2018/rc
A. K. CHAWLA, J
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