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2015 (8) TMI 117 - AT - Income TaxDisallowance under Sec. 14A r.w. Rule 8D - CIT(A) deleted part addition - Held that:- DR could not controvert the finding of the fact by the Ld. CIT(A) that the interest has been paid on term loan taken for the purchase of the fixed assets and therefore there cannot be any disallowance of interest as the Ld. CIT(A) has categorically stated that no direct expenditure has been incurred. We, therefore, decline to interfere with the addition sustained by the Ld. CIT(A) and simultaneously we also decline to interfere with the deletion of the addition made by the Ld. CIT(A). - Decided against revenue.
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