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2014 (1) TMI 1328 - AT - Income TaxDisallowance made on account on interest expenses – Held that:- The undisputed fact remains that the assessee was awarded the contract-work and the work was further subletted to the sub-contractor and the money given to the sub-contractor was for execution of work - Nothing has been brought on record that money was given for any other purpose - In the absence of same, CIT(A) was justified in holding that the money was advanced for business purpose – thus, there was no infirmity in the order of the CIT(A), the same is upheld – Decided against Revenue. Allowance in respect of TDS – Held that:- The CIT(A) has given direction to the AO to verify the claim of assessee in respect of TDS from hard-copies of certificates and also confirmation of the deductor - Since the CIT(1A) as such has not given any relief, there was no infirmity in the order of the CIT(A), the same is upheld – Decided against Revenue.
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