RASHMEET SINGH MALHOTRA vs. INCOME TAX OFFICER WARD-1,
In the result, the appeal of the assesse is allowed
ITA 226/JAB/2016[2009-10]Status: DisposedITAT Jabalpur30 Nov 2023AY 2009-10
Bench: Dr. B. R. R. Kumarsh. Yogesh Kumar Us
For Appellant: Sh. K.P Dewani, AdvFor Respondent: Sh. Ravi Mehrotra, JCIT-DR
Section 143(3)Section 14ASection 48
dividend income which is exempt of Rs. 1.4
lakhs. The Assessing Officer disallowed of Rs. 3.79 lakhs out of which of Rs. 2.63 lakhs was on account of interest. The assessee is having own capital of Rs. 76.52 lakhs and interest free unsecured loans of Rs. 159.50 lakhs and has not paid any interest on account of the investment
