ITAT deletes Interest Addition: Assessee Possessed Adequate Own Funds for Investments

ACIT Vs Dish Infra Services Pvt. Ltd. (ITAT Delhi) The case of ACIT vs. Dish Infra Services Pvt. Ltd. revolves around several key issues raised by the Revenue against the order of the ld. CIT(A)-3, New Delhi dated 10.08.2020. The Revenue’s appeal addresses various aspects including unexplained cash credit, debenture issue expenditure, and disallowance of interest under section 36(1)(iii) of the Income Tax Act, 1961. Let’s delve into each of these matters as discussed in the full text of the order of ITAT Delhi. Unexplained Cash Credit: During the relevant assessment year, the asses...