IN THE ITAT, DELHI BENCH
SUCHITRA KAMBLE, J.M. & PRASHANT MAHARISHI, A.M.
Abhinav International (P) Ltd. v. DCIT
ITA No. 489/DEL/2017
2 June, 2020
Appellant by: Shailesh Gupta, Advocate
Respondent by: Pradeep Singh Gautam, Sr. Departmental Representative
Suchitra Kamble, J.M.
This appeal is filed by the assessee against the Order, dated 9-11-2016 passed by Commissioner (Appeals)-1, New Delhi for assessment year 2013-14.
2. The grounds of appeal are as under :--
'1. In the facts & circumstances of the case, The learned Commissioner (Appeals) has wrongly upheld the disallowance made by learned assessing officer under section 14A under rule 8D2(iii) of the Income Tax Act, 1961 of expenditure of Rs. 2,97,725 on account of exempt income.