Commissioner of Income Tax v. M/S.Tamilnadu Power Finance
Case brief
What is this about?
IN THE HIGH COURT OF JUDICATURE AT MADRAS…
What the court decided
A compact analysis
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T.C.A.No.250 of 2020
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED : 31.08.2020
CORAM
THE HONOURABLE MR.JUSTICE T.S.SIVAGNANAM
and THE HONOURABLE MRS.JUSTICE PUSHPA SATHYANARAYANA T.C.A.No.250 of 2020 The Commissioner of Income Tax, Corporate Circle-3 Chennai. .. Appellant Versus M/s.Tamil Nadu Power Finance & Infra Development Corporation Limited Tudifco-Powerfin Tower NO.490/3-4, Anna Salai, Nandanam, Chennai 600 035 PAN AAACT2840A .. Respondent
Prayer:- Tax Case Appeal filed under Section 260-A of the Income Tax Act, 1961, against the order of the Income Tax Appellate Tribunal, Madras 'D' Bench, Chennai, dated 04.12.2019 made in I.T.A.No.2282/Chny/2019 relating to the Asst Year 2013-14.
For Appellant :Mr.M.Swaminathan senior standing counsel assisted by Ms.V.Pushpa, standing counsel (taxes)
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T.C.A.No.250 of 2020
Issues for consideration
2 issues framed by the court
Whether the Income Tax Appellate Tribunal erred in restricting disallowance under Section 14A read with Rule 8D to the third limb alone?
Whether the Tribunal erred in not considering the legal aspect regarding the assessee's use of own funds and booked interest expenses?
Parties & counsel
- appellant
The Commissioner of Income Tax, Corporate Circle-3 Chennai
- respondent
M/s. Tamil Nadu Power Finance & Infra Development Corporation Limited
Coram
Case details
As recorded by the court registry
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