MEJA URJA NIGAM (P) LTD.,ALLAHABAD vs. INCOME TAX OFFICE WARD-2 (2), ALLAHABAD
In the result, both the appeals of the assessee for ay: 2015-16 and 2016-17
ITA 54/ALLD/2020[2015-16]Status: DisposedITAT Allahabad03 Mar 2021AY 2015-16
Bench: Shri.Vijay Pal Rao & Shri Ramit Kochar
For Appellant: Ms.Namita S. Pandey, CIT DRFor Respondent: Shri Parv Agrawal, CA
Section 143(3)
211 ITR 552, the Orissa High Court preferred the view expressed by the Andhra Pradesh High Court to the view expressed by the Madras High Court in Seshasayee Paper & Boards Ltd's case
(supra) on the ground that the Madras High Court case was based on a finding of fact that there was no direct connection between the interest paid
