M/S. NEOTECH EDUCATION FOUNDATION,VADODARA vs. THE JT.CIT, CENTRAL RANGE, VADODARA

In the result, both the appeals filed by the Revenue are dismissed and both the appeals filed by the assessee are allowed

Bench: Ms. Suchitra Kamble & Shri Waseem Ahmedassessment Year: 2014-15

disallowance of interest incurred on unsecured loan, the assessee has not prayed this ground and, therefore, the addition was sustained. Thus, this cannot be stated as concealment of income or furnishing of inaccurate particulars of income. Thus, the CIT(A) has rightly granted partial relief to the assessee and there is no need to interfere with the same. Appeal being

M/S. NEOTECH EDUCATION FOUNDATION,VADODARA vs. THE JT.CIT, CENTRAL RANGE, VADODARA

In the result, both the appeals filed by the Revenue are dismissed and both the appeals filed by the assessee are allowed