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ITAT Deletes 36(1)(iii) Interest; Remands Rent/Salary for Verification
Case Law Details
- Case Name
- Mahak Industries Pvt. Ltd. Vs ITO (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2016-17
- Courts
- All ITAT, ITAT Delhi
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Mahak Industries Pvt. Ltd. Vs ITO (ITAT Delhi)
ITAT Delhi Deletes 36(1)(iii) Interest Disallowance Following Earlier Year & Upholds Remand of Rent/Salary Expenses for Verification
Mahak Industries Pvt Ltd appealed against two surviving issues—(i) ₹29,49,583 disallowance of interest u/s 36(1)(iii) sustained by CIT(A), & (ii) ₹3,95,318 disallowance of rent, salary & wages, which CIT(A) had remanded back to AO for verification.
The Tribunal noted that the interest disallowance issue was identically decided in assessee’s own case for AY 2015-16 (ITA No.661/Del/2024, dated 09.07...
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