8 results for “disallowance”+ Section 6(1)(iii)clear
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Bench: AVNEESH JHINGAN,MANEESH SHARMA
6) [ITA-816/2008] sale of pesticides. During assessment proceedings the records revealed that the appellant had borrowed interest bearing loans and given interest free advances to the tune of Rs.37,06,431/-, out of which Rs.32,75,000/- was given to DPFL. The AO framed assessment on 10.03.2004 and under section 36(1)(iii) disallowed