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2018 (9) TMI 955 - ITAT JAIPURDenial of deduction u/s 10AA on interest on FDR - addition treating the interest as income from other sources not eligible for deduction under section 10AA - Held that:- Assessee has now filed the additional evidence in the shape of sanction letter of the Bank granting term loan and working capital credit limit to the assessee. The said sanction of loan is subject to the condition that the assessee should make FDR equivalent to 15% of the cash generated by the assessee. The issue to the record of the AO for consideration of additional evidence filed by the assessee which is relevant for determination of the issue of allowability of the claim under section 10AA of the Act. Hence in view of the earlier order of this Tribunal, we set aside the matter to the record of the AO for readjudication of the same after considering the additional evidence filed by the assessee and in the light of the various decisions on the issue.- Decided in favour of assessee for statistical purposes.
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