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2017 (8) TMI 621 - HC - Income TaxInterest free loan given to Andhra Pradesh Rayons Limited - deduction of royalty on Bamboo exploited - Held that:- Decided in favour of assessee as relying on The Commissioner of Income Tax, Nagpur Versus M/s. Ballarpur Industries Ltd. [2017 (8) TMI 610 - BOMBAY HIGH COURT ] Addition u/s 40A - addition on account of contribution made by the assessee to various educational institutions not in the capacity as an employer - Held that:- The issue raised herein stands concluded against the revenue and in favour of the applicant-assessee by the decision of this Court in Mahindra & Mahindra Ltd. .vs. CIT (2003 (1) TMI 71 - BOMBAY High Court) and CIT .vs. Mahindra & Mahindra Ltd.(2005 (9) TMI 54 - BOMBAY High Court) .
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