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Interest on Margin facility & late Payment to Brokers allowable: ITAT Ahmedabad
Case Law Details
- Case Name
- Swing Infraspace P. Ltd. Vs ITO (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Ahmedabad
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Swing Infraspace P. Ltd. Vs ITO (ITAT Ahmedabad)
In a significant development, the Income Tax Appellate Tribunal (ITAT) Ahmedabad has granted a review petition filed by Swing Infraspace Pvt. Ltd. The review petition sought the reversal of disallowances of certain expenses made by the Assessing Officer (AO) and upheld by the Commissioner of Income Tax (Appeals) (CIT(A)). This article provides a detailed analysis of the case and the ITAT’s decision.
Detailed Analysis: Swing Infraspace Pvt. Ltd. had appealed against the order of the CIT(A), which confirmed disallowances made by the AO relat...
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