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No Sales Suppression Addition Solely Based on Abstract Textile Data
Case Law Details
- Case Name
- DCIT Vs Arumuga Cottspin Pvt.Ltd. (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All ITAT, ITAT Chennai
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DCIT Vs Arumuga Cottspin Pvt.Ltd. (ITAT Chennai)
The Income Tax Appellate Tribunal (ITAT) Chennai recently delivered a significant judgment in the case of DCIT (Deputy Commissioner of Income Tax) versus Arumuga Cottspin Pvt. Ltd. The case pertains to the Assessment Year 2015-16 and involves appeals filed by both the Revenue and the assessee against the order of the Commissioner of Income Tax (Appeals)-16, Chennai.
Background of the Case:
The primary issues under consideration were:
Disallowance of interest on borrowed capital under section 36(1)(iii) proportionate to the am...
