Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2022 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2022 (9) TMI 1111 - ITAT CHANDIGARHDisallowance u/s. 36(1)(iii) - interest paid on Working Capital Loan and Term Loan for purchase of investment in spite of assessee having sufficient funds of its own being available and no fresh investments having been made during the year - HELD THAT:- As in assessee's own case for assessment year 2011-12 [2022 (7) TMI 1321 - ITAT CHANDIGARH] and had set aside the issues to the file of the AO vide order. Therefore, respectfully following the above said orders, the issues are set aside to the file of the AO to be decided as per the directions given vide the aforesaid referred - Accordingly, both the issues stand decided in favour of the assessee for statistical purpose.
|