THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE 1(1), PANAJI vs. M/S MILROC GOOD EARTH PROPERTY AND DEVELOPERS LLP, PANAJI
In the result, cross-objection filed by the assessee in CO No
ITA 26/PAN/2018[2013-14]Status: DisposedITAT Panaji06 Apr 2022AY 2013-14
Bench: Shri Ravish Sood & Shri Jamlappa D Battullआयकर अपील सं./Ita No. 26/Pan/2018 ""या"ेपसं./Co.No.06/Pan/2018 (Arising Out Of Ita No.26/Pan/2018) "नधा"रण वष" /Assessment Year : 2013-14 The Assistant Commissioner Of Income Tax Circle-1(1), Panaji, Goa .......अपीलाथ" / Appellant बनाम / V/S. M/S. Milroc Good Earth Property & Developers Llp, 501, 5Th Floor Milroc Lar Menezes, S.V. Road, Panaji-Goa - 403001 Pan : Aaacg7222M ……""यथ" / Respondent
For Appellant: Smt. Preethi Patel, ARFor Respondent: Shri Sourabh Nayak, Sr. DR
Section 143(1)Section 143(2)Section 143(3)
184 ITR 44) and disallowed the interest from the administrative expenses and directed it to be added to the work in progress.
4. The CIT(A) failed to sustain the alternative disallowance of interest of Rs.1,11,30,410/- on account of interest bearing funds diverted to the sister concern at lower rate of interest.
5. For these and other
