ACIT, KOTA vs. SHIV AGREVO LTD., BARAN
In the result, appeal of the revenue is partly allowed
ITA 453/JPR/2016[2011-12]Status: DisposedITAT Jaipur23 May 2017AY 2011-12
For Appellant: Shri Mahendra GargieyaFor Respondent: Shri Ajay Malik (JCIT)
Section 143(2)Section 36(1)(iii)Section 40A(2)(b)
801E(7)(iii)[as held in case of Nahar Poly
Films Ltd. Vs. CIT, Ludhiana 201 Taxman 304 (P&H)]. The word expansion is not different from extension of business and therefore the interest expenditure, on the utilization of borrowed funds for the
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ACIT, Kota vs. M/s Shiv Agrevo Ltd., Baran acquisition of new assets, from the date
