LOWES SERVICES INDIA PRIVATE LIMITED,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 4(1)(1),, BANGALORE
In the result, the appeal of the assessee is partly allowed
ITA 1734/BANG/2024[AY 2020-21]Status: DisposedITAT Bangalore08 Sept 2025
Bench: Shri Prashant Maharishi & Shri Keshav Dubeyassessment Year: 2020-21
For Appellant: Shri Chavali Narayan, ARFor Respondent: Dr. Divya K J, CIT(DR)(ITAT), Bengaluru
Section 143(1)Section 143(3)Section 144CSection 144C(13)Section 144C(5)Section 36(1)(va)Section 80G
36(1) (va) of Rs.132,825. 11. Ground Nos.1 & 2 are general in nature. No arguments were advanced and therefore the same are dismissed.
12. Ground No.3 is adjustment on account of interest on outstanding receivables amounting to Rs.1,98,60,669. 13. The ld. AR argued that Page 8 of 15
1. the TPO has computed the interest till