2006 (7) TMI 524 - AT - Income Tax

Extract:
.......ly when clause (viia) of section 36(1) is not applicable, hence, in our opinion, on facts, clause (viia) of section 36(1) is applicable. We concur with the finding of the CIT(Appeals) on this issue and confirm the order of the CIT(Appeals). 38. In the result, the assessee rsquo s appeal is partly allowed whereas revenue rsquo s appeal is dismissed.