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2015 (7) TMI 151 - ITAT DELHIInterest on deposit with Indian Banks and others - CIT(A) deleted the addition - Held that:- On similar facts and circumstances the E Bench of the Tribunal in the assessee’s own case for the A.Y. 2008-09 [2015 (7) TMI 193 - ITAT DELHI] held that CIT(A) has rightly appreciated the facts of the case and has rightly arrived at the correct conclusion as the funds kept in bank deposits cannot be classified as surplus funds as project was under completion. The argument of Ld. D.R. that facts were not verified by Ld.CIT(A) does not hold any force as Ld.CIT(A) by quoting figures in his roder ahs arrived at the conclusion. Therefore, we do not find any infirmity in the order of Ld.CIT(A) and, therefore, appeal filed by the Revenue is dismissed. - Decided in favour of assessee.
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