PR. COMMISSIONER OF INCOME TAX-I, JALANDHAR vs. M/S MAX INDIA LTD

Appeal is hereby dismissed in limine

Bench: MR. JUSTICE GURMEET SINGH SANDHAWALIA,MS. JUSTICE HARPREET KAUR JEEWAN

2. The substantial questions of law which are sought to be raised in the present case read as under: “(i) Whether on the facts and circumstances of the case and in law the ITAT has erred in holding that no interest payment is disallowable under section 36(1)(iii) on interest free loan given to sister concerns whereas the aassessee