DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-2, NAGPUR vs. M/S SAS DEVELOPERS & ENGINEERS `, NAGPUR
In the result, the appeal filed by department is dismissed
ITA 82/NAG/2020[2015-16]Status: DisposedITAT Nagpur18 Jun 2024AY 2015-16
Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member
For Appellant: Shri Manoj Moriyani, AdvocateFor Respondent: Shri Surjit Kumar Saha, Sr.DR
Section 143(3)Section 24
5,12,13,253
4.11 Since the interest paid as per repayment schedule were Rs.5,12,35,661/- and as per bank certificate the same were taken at Rs.5,19,15,580/- which is less than the interest claimed by the assessee.
4.12 Out of this amount, the assessee had debited Rs.2,57,21,914/- to Shri S.K.Banerjee and balance
