SH. AMAN SETH,LUDHIANA vs. ITO, W-1(1), LUDHIANA
In the result, appeal filed by the assessee is allowed for statistical purposes
ITA 1318/CHANDI/2017[2013-14]Status: DisposedITAT Chandigarh21 Jun 2024AY 2013-14
Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)
For Appellant: Shri Parikshit Aggarwal, C.AFor Respondent: Smt. Amanpreet Kaur, Sr. DR
Section 129Section 142(1)Section 143(1)Section 143(2)Section 250Section 253Section 36Section 44A
391/-
9,86,695/-
91,467/-
6. Residential house
40,35,030/-
40,35,030/-
40,35,030/-
3,74,047/-
Total
8,61,473/-
3.5
Accordingly, interest amounting Rs.8,61,473/- debited in Profit and Loss account is disallowed u/s 36(l)(iii) of the I.T. Act, 1961 being fund used for non business purpose. Accordingly, interest expenses debited
