7 results for “disallowance”+ Section 160(1)clear
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In the result, the appeal of the assessee bearing ITA No
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
section 36(1)(iii) of the Act and required to be capitalised with the cost of immovable properties. Therefore an addition of Rs. 41,44,372/- being 50% of the interest claimed is hereby added of total income of the assessee .…….” Sir, in this regard it submitted as under: 1. That modus operandi of assessee’s business model is that