10 results for “disallowance”+ Section 115clear
Sorted by relevance
Key Topics
Bench: Shri Laliet Kumar & Dr. Mitha Lal Meena
disallowed the excess payment of such amount of interest on those borrowed funds before debiting its legitimate claim of expenditure u/s 57(iii) of the act which has not been not been appreciated in positive spirit by the authorities below according to us. Thus, we conclude that the assessee has not advanced loan to parties at lower rate with