THE DCIT, CIRCLE-1(1)(1),, AHMEDABAD vs. M/S. ARVIND RETAIL LTD. ( SINCE MERGED WITH ARVIND LIFESTYLE BRANDS LTD.,), AHMEDABAD
In the result, the Cross Objection of the assessee is partly allowed for statistical purposes
ITA 3669/AHD/2015[2011-12]Status: DisposedITAT Ahmedabad28 Jan 2020AY 2011-12
Bench: Shri Rajpal Yadav & Shri Waseem Ahmed
For Appellant: Shri L.P. Jain, Sr.DRFor Respondent: Shri Vartik R. Chokshi with Shri Biren Shah, ARs
Section 36(1)(xi)Section 40
iii.
Interest Expenses of Rs. 2,32,890/- to Kotak Mahindra Prime Limited (for short KMPL) under section 194A of the Act .
8.2. Accordingly, the AO disallowed the gross expenses of Rs. 2,71,11,613/-
(7,23,145+2,61,55,578+2,32,890) on account of non-deduction of TDS under the relevant provisions