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2017 (2) TMI 1442 - AT - Income TaxDisallowance of interest expenses - AO disallowed the entire interest expenditure stating that the related borrowings are not incurred for business purposes - AO invoked the provisions of section 36(1)(iii) and 57(iii) - HELD THAT:- CIT (A) granted relief to the assessee complying with the directions of the Tribunal in the assessee’s own case for the earlier AY 2011-12. CIT (A) gave finding and there is no change on the facts. Considering the above, the decision of the CIT (A) is fair and reasonable and it does not call for any interference. Accordingly, solitary ground raised by the Revenue is dismissed.
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