SRI. SHAMBULAL G CHHABRA vs. ADDL.C.I.T.,
In the result, the assessee’s appeal for Assessment Year 2009-10 is allowed
ITA 1145/BANG/2013[2009-10]Status: DisposedITAT Bangalore24 May 2019AY 2009-10
Bench: Shri Jason P Boaz & Shri Pavan Kumar Gadaleassessment Year : 2009-10 Shri. Shambulal G. Chhabria, Vs. Additional Commissioner Of No.G-5, Ramanashree Chambers, Income Tax, Lady Curzon Road, Range - 8, Malleswaram, Bangalore-560 001. Bangalore. Pan : Abhps 4411 M Appellant Respondent Assessee By : Shri. V. Chandrasekhar, Advocate Revenue By : Shri. C. H. Sundar Rao, Cit Date Of Hearing : 26.03.2019 Date Of Pronouncement : 24.05.2019
For Appellant: Shri. V. Chandrasekhar, AdvocateFor Respondent: Shri. C. H. Sundar Rao, CIT
Section 143(3)Section 234BSection 40ASection 40A(2)(b)
TDS thereon, the details of assessee’s Fixed Deposit with Canara Bank. The rate of interest paid by the assessee to the unsecured loan creditors is in the range of 9%,
12% and 15%. In our considered view, for the authorities below to invoke the provisions of section 40A(2)(b) of the Act, it was necessary
