PRINCIPAL COMMISSIONER OF INCOME TAX 1 KOLKATA vs. M/S ITC LTD

Bench: The Learned Tribunal – One By The Assessee & The Other By The Revenue Which Have Been Disposed Of By A Common Order, Impugned In This Appeal. 2. The Revenue Has Raised The Following Substantial Questions Of Law For Consideration :

2)(iii). We find that the Assessing Officer lost sight of the fact that a sum of Rs.83,98,00,000/- was actually net interest income earned by the assessee. In other words, the assessee’s net interest income was greater than its interest expenditure of Rs.83,98,00,000/-. When the assessee challenged this disallowance

DEYS MEDICAL (U.P.) PRIVATE LIMITED vs. PRINCIPAL COMMISSIONER OF INCOME TAX CENTRAL 2 KOLKATA