In the result, both the appeals of the revenue for AYs 2009-10 & 2010-11 are dismissed
Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahusl.
2. Interest accrued on loans to M/s APHMEL for AYs 2005-06 & 2006-07 3. Disallowance of deduction claimed u/s 43B 4. Disallowance of net prior period expenditure for AYs 2005-06 to 2010-11. 5. Prospecting expenditure – section 35E