143 results for “disallowance”+ Section 10(25)(ii)clear
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Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
ii) That no such business or commercial expediency in advancing the interest free loan to the sister concern hadbeenprovedbytheappellant in the present case. In this connection, the reliance is placed on the following case laws in favour of revenue:- (a) The Hon'ble Supreme Court In the case of S.A. Builders Ltd. vs. Commissioner of Income-tax (Appeals), Chandigarh reported