M/S KRISH CONSTRUCTION,RANCHI vs. DCIT,CIRCLE-1, RANCHI

Appeal is partly allowed

Bench: Shri J. Sudhakar Reddy, Am & Shri S.S. Godara, Jm Assessment Year:2015-16 बनाम M/S Krish Construction, Dcit, Circle-1, Ranchi Ranchi / V/S. Kte 4, Krish Tower, Singh More, Hatia, Ranchi-834003. Pan No.Aakfk6755G अपीलाथ" /Appellant ""यथ" /Respondent ..

u/s 143(3) of the Income Tax Act, 1961; (in short ‘the Act’). Case called twice. None appears at assessee’s behest. It is accordingly proceeded ex parte. The case is now taken up for adjudication on merits. 2. The assessee’s sole substantive grievance challenges correctness of both the lower authorities’ action disallowing proportionate bank interest of Rs.7