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2019 (2) TMI 369 - ITAT DELHIDisallowance of Interest Expenses - Interest accrued but not due - Held that:- Contention of the Assessee that the aforesaid amount of interest was not claimed as expenditure, or deduction is borne out from records, which could not be contradicted by the Ld. DR. After perusal of the submissions made from the Assessee’s side during assessment proceedings and after perusal of the reconciliation of Interest Expenses and also reconciliation of disallowance made by AO we are of the view that the addition made by the AO on account of disallowance of Interest Expenses was unjustified, unwarranted and illegal. AO has failed to establish a legal basis, in the facts and circumstances of the case, for the addition on account of disallowance of Interest Expenses, when the Assessee has not even claimed this amount as expenditure or deduction. - Decided in favour of assessee
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