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2018 (4) TMI 1276 - AT - Income TaxDisallowance of interest u/s. 36(1)(iii) - CIT-A allowed the claim - as per AO Assessee has made investments and given loans and advances of ₹ 205,20,21,046/- to the subsidiaries - Held that:- As the company has advanced a loan of ₹ 205,20,21,046/- in the subsidiary companies. These details were available before the AO and he proceeded to make the disallowance of interest of ₹ 5,33,01,263/- brushing aside the crucial evidences placed on record. AO was rightly directed by the ld. CIT(A) to delete the disallowance of interest of ₹ 5,33,01,263/- made by the AO u/s. 36(1)(iii) of the Act, which does not need any interference on our part - Decided against revenue
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