D.C.I.T., CIRCLE-2, GWALIOR vs. M/S PREM MOTORS PVT LTD., GWALIOR

The appeals of the department are dismissed

22)(e) the interest paid on such deemed dividend cannot be allowed. Thus, total disallowance made by the AO u/s 40A(2)(b) came to be Rs.13,75,355/- ITA 322 & 327/Agra/2015 31 5.2 On appeal the ld. CIT(A) deleted the entire addition observing as under in para 8.2 of his order: – “The provisions of section

ACIT CIRCLE-2(1), GWALIOR vs. ROYAL AUTOMOBILES P LTD, GWALIOR

In the result, both the appeals of the revenue are dismissed