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2015 (1) TMI 877 - HC - Income TaxInterest on interest free advances/loans - ITAT deleted disallowance - Held that:- Question of law involved in this appeal is already concluded in favour of the assessee as decided in the case of S.A. Builders Ltd. v. Commissioner of Income -Tax (Appeals) and Another [2006 (12) TMI 82 - SUPREME COURT] stating that Revenue cannot justifiably claim to put itself in the arm-chair of the businessman or in the position of the board of directors and assume the role to decide how much is reasonable expenditure having regard to the circumstances of the case. - Decided against revenue.
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