RELIGARE FINVEST LTD,NEW DELHI vs. ADDL.CIY, RANGE-21, NEW DELHI

In the result, for assessment year 2007-08 the appeal of the assessee as well as Revenue are dismissed

Bench: Shri O.P. Kant & Shri Kuldip Singh, Judicialmember

C. Total Assets 21,780,570,613 21,210,852,105.00 D. Average Assets 21,495,711,359.00 E. Indirect Interest Costs 1,622,542,721.00 1) Direct Costs Attributable - 2) Indirect Cost of Interest (Total- 112,094,647.47 Considered above) 3) Other Expenses (.5% of 7,425,241.12 Average Investment) TOTAL DISALLOWANCE U/S 119,519,888.60 14A 10.4 Before