Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2017 (8) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (8) TMI 1511 - HC - Income TaxDisallowance of interest expenditure - whether assessee had not even attempted to show that the investments in sister concerns served any business purpose? - Held that:- Issue concluded by the decision passed by this Court in The Pr. Commissioner of Income Tax (Central), Ludhiana v. Shri Satish Bala Malhotra, Legal Heir of Shri Ashok Kumar Malhotra, Prop. M/s Modern Publishers, MBD House, Railway Road, Jalandhar [2017 (4) TMI 1330 - PUNJAB & HARYANA HIGH COURT] whereby the questions have been decided against the revenue. Disallowance of deduction u/s 80-IC made by the AO on the job work got done outside the specified area, i.e. Himachal Pradesh and on the trading receipt from sale of unused papers - Held that:- The matter is remanded to the Tribunal for fresh adjudication on Question No. (iii) after affording an opportunity of hearing to the parties.
|