2 results for “disallowance”+ Section 156clear
Sorted by relevance
In the result, appeal of the revenue is dismissed and CO of the assessee is allowed
Bench: Shri Sandeep Gosain & Shri Manoj Kumar Aggarwald.C.I.T. Vs. M/S Kanda Edible Oil Pvt. Ltd. Circle, E 173, Udyog Vihar Sriganganagar. Sriganganagar. Pan No. Aacck 7754 Q
156/- against which Rs.50,000/- was received back on 03.02.2015. Accordingly, he calculated notional interest at the rate of 18% per annum on this amount and made disallowance of Rs.8,04,606/- by applying section