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)
5,54,100/- made
u/s 36(1)(iii).
11. On the other hand, the ld. DR supported the orders of the Assessing
Officer and submitted Assessing Officer observed that the assessee has paid
interest @ 12% per annum on loans taken from specified persons. However,
8
ACIT, Kota vs. M/s Shiv Agrevo Ltd., Baran the assessee has charged interest
