54 results for “disallowance”+ Section 138clear
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Bench: Shri Ravish Sood & Shri Arun Khodpiaआयकर अपील सं. / Ita Nos. 93 & 94/Rpr/2017 "नधा"रण वष" / Assessment Years: 2010-11 & 2011-12 Shri Sushil Kumar Agrawal, Prop. Of M/S. Shrikishan & Co., T.P Nagar, Korba (C.G.) Pan : Acgpa4350B .......अपीलाथ"/Appellant बनाम / V/S. The Joint Commissioner Of Income Tax, Korba (C.G.) ……""यथ" / Respondent
138-140 APB, therefore, it could safely be inferred that the interest free advances so made by him were sourced out of such interest free funds and no disallowance of any part of interest expenditure was called for in his hands. Our aforesaid view is fortified by the judgment of the Hon’ble Supreme Court in the case