Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2010 (1) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2010 (1) TMI 794 - AT - Income TaxDisallowance of application of funds under section 11(1)(a) - Disallowance on account of claim of interest on unsecured loan on the ground that said claim was not justified before the authorities - As per the assessee, such interest payment on these very loans was allowed in assessment year 2003-04 and in that year the assessment order was passed u/.s 143(3) - Held that:- matter remanded to CIT(A) for fresh decision.
|