Bench: Shri S.S, Godara, Jm & Dr. A.L. Saini, Am Assessment Year:2013-14 बनाम Sauravh Tiwary Acit, Circle-3, Jamshedpur / Banglow No.9999/287, Vijaya V/S. Garden, 5Th Phase, Baridih, Jamshedpur-831017. Pan No.Agfpt6115J अपीलाथ" /Appellant ""यथ" /Respondent ..
section 234B and 234C interest disallowance of Rs.3,31,596/- and Rs.3,97,096/-; respectively. The Revenue’s case in tune with the lower authorities’ discussion is that such interest expenses are not allowable for business expenses. This tribunal’s coordinate bench’s decision in Bihar Foundry and Casting Ltd. vs. DCIT ITA No.112/Ran/2015 dated 16.09.2016 has declined Revenue