PRINCIPAL COMMISSIONER OF INCOME TAX II vs. M/S TRANS ASIA CORPORATION LTD.
Appeal is allowed
ITA/58/2019HC Madhya Pradesh05 Dec 2019
Section 143(2)Section 147Section 148Section 260A
17,572/- to the various parties without
charging any interest?
(ii)
Whether on the facts and circumstances of the case, the ITAT was
justified in allowing the assessee’s request for deleting the
addition, when the assessee failed to discharge the onus to prove
that the interest was not charged on loan and advances were for
business purpose
