M/S POPULAR FINANCE COMPANY,PATHANAMTHITTA vs. THE ACIT,CIR-1,, THIRUVALLA

In the result, the appeals of the Revenue are partly allowed for statistical purposes

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

237) wherein it was held as under: I.T.A. Nos. 202-204/Coch/2019 “5. We have heard the rival contentions and perused the facts of the case. The circumstances and the facts of the case in the present case are that the assessee has raised loans in the individual capacity and interest has been paid on the capital so borrowed

M/S.POPULAR FINANCE,PATHANAMTHITTA vs. THE ACIT, CIRCLE-1, THIRUVALLA

In the result, the appeals of the Revenue are partly allowed for statistical purposes