4 results for “disallowance”+ Section 239clear
Sorted by relevance
disallowance can be made.” 9. It is argued by the revenue that ITAT has failed to appreciate that for the claim of interest, it is necessary that, firstly, the money ITA Nos.512/2013, 516/2013, 517/2013, 518/2013, 519/2013 & 526/2013 Page 10 must have been borrowed by the assessee, secondly, it must have been borrowed for the purpose of business and thirdly