ACEELERATED FREEZE DRYING CO.LTD,ALAPPUZHA vs. DCIT, ALAPPUZHA

In the result, the appeal of the Revenue is allowed and the appeal of the

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

2,07,99,000/-. The AO found that the assessee had claimed interest accrued on loans from banks/financial institutions of Rs.2,07,99,000/-which were not paid before the due date of filing of the return of income for the A.Y.2002-03. The assessee ‘s contention was that this interest was waived by the financial institutions and the above

DCIT, ALAPPUZHA vs. M/S ACEELERATED FREEZE DRYING CO, LTD, ALAPPUZHA