MUTHOOT BANKERS,PERUMBAVOOR vs. ITO, WARD-2, ALUVA
In the result, the appeal of the assessee is partly allowed
ITA 49/COCH/2025[2006-07]Status: DisposedITAT Cochin13 Jun 2025AY 2006-07
Bench: Shri Inturi Rama Rao (Accountant Member), Shri Sonjoy Sarma (Judicial Member)
For Appellant: Shri R Krishnan, CAFor Respondent: Smt. Leena Lal, Snr AR
Section 143(1)Section 143(2)Section 147Section 244ASection 40B
disallowance of
3
Muthoot Bankers interest paid to partners was duly authorized by partnership deed and within permissible limit of section 40B
