Case Law Details
Case Name : ACIT Vs Maruti Countrywide Auto Financial Services Pvt. Ltd (ITAT Delhi)
Appeal Number : ITA No. 3455/Del/2014
Date of Judgement/Order : 14/01/2019
Related Assessment Year : 2010-11
Courts :
All ITAT ITAT Delhi
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Advocate Akhilesh Kumar Sah
ACIT Vs Maruti Countrywide Auto Financial Services Pvt. Ltd (ITAT Delhi)
Maruti Countrywide Auto Financial Services Pvt. Ltd. Appeal: Loss On Foreclosure Of Loan Held To Be Deductible While Computing Its Income
In ACIT vs. Maruti Countrywide Auto Financial Services Pvt. Ltd. [ITA No. 3455 /Del/2014 A.Y.: 2010-11, decided on 14.01.2019], one of the ground raised was that in the fact and circumstances of the case & in law, the CIT(A) erred in deleting the disallowance of Rs. 95,80,354/- made by the A.O. on account of loss on foreclosure of loan accounts.
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