M/S.IBS SOFTWARE SERVICES P. LTD,TRIVANDRUM vs. THE DCIT, TRIVANDRUM
ITA 601/COCH/2017[2013-14]Status: DisposedITAT Cochin13 Nov 2025AY 2013-14
Bench: SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)
For Appellant: Shri Rajakannan, AdvocateFor Respondent: Shri Sanjit Kumar Das, CIT-DR
Section 143(3)Section 144CSection 144C(5)Section 36(1)(iii)Section 36(1)(va)Section 92C
68,911/-.
The DRP concurred with the Assessing Officer and rejected the objections raised by the Assessee.
Before us it was contended on behalf of the Assessee that loans were granted on account of commercial expediency and out of interest free funds. However, we note that the Assessing Officer/DRP has returned concurrent finding that no supporting documents were filed
