SAMBHAV ENERGY LIMITED ,CHENNAI vs. ACIT, CENTRAL CIRCLE-1, JODHPUR
In the result, both the appeals filed by the assessee are treated as allowed for statistical purposes
ITA 258/JODH/2019[2014-15]Status: DisposedITAT Jodhpur02 Nov 2022AY 2014-15
Bench: Shri B. R. Baskaran & Shri Sandeep Gosain
transferred share application money to the assessee. Accordingly, he disallowed the interest claim of Rs. 3.00
crores made in A.Y 2013-14. The assessee had claimed interest expenditure of Rs.11.94 crores against the loan taken from M/s Adarsh
Credit Co-operative Society Ltd in AY 2014-15. The AO disallowed interest expenditure of Rs. 11.94 crores on the very same
