ITO, NEW DELHI vs. M/S. MENORA DEVELOPERS & INFRASTRUCTURE PVT. LTD., NEW DELHI
In the result appeal of the assessee as well as of the revenue are dismissed
ITA 3125/DEL/2016[2011-12]Status: DisposedITAT Delhi25 Sept 2018AY 2011-12
Bench: Shri Sudhanshu Srivastava & Shri Prashant Maharishiito, Vs. Menora Developers & Ward-16(4), Infrastructure Pvt. Ltd, Room No. 304, Cr Building, A-60, Naraina Industrial Ip Estate, New Delhi Area-I, New Delhi Pan: Aafcm9587Q (Appellant) (Respondent) Menora Developers & Vs. Ito, Infrastructure Pvt. Ltd, Ward-16(4), A-60, Naraina Industrial Area-I, Room No. 304, Cr Building, New Delhi Ip Estate, New Delhi Pan: Aafcm9587Q (Appellant) (Respondent)
For Appellant: Shri Arvind Kumar, AdvFor Respondent: Ms. Ashima Neb, Sr. DR
Section 143(3)Section 14ASection 36Section 36(1)(iii)Section 8D
iii) was made. The Ld AO made the disallowance for following reasons:-
“DISALLOWANCE OUT OF INTEREST EXPENSES u/s 36(1 Uiii)
Menora Developers & Infrastructure Pvt. Ltd Vs ITO
ITA No. 3125/Del/2016 and 2716/Del/2016
(Assessment Year: 2011-12)
1. It is seen from the return of income and Memorandum of Association of the assessee company that the assessee company was incorporated
