Misuse charges & interest on the same not deductible in computing total income

IN THE ITAT DELHI BENCH ‘E’ Assistant Commissioner of Income-tax v/s. Mohan Exports (P.) Ltd. IT APPEAL NO. 3571 (DELHI) OF 2011 [ASSESSMENT YEAR 2008-09] MARCH 2, 2012 ORDER K.G. Bansal, Accountant Member – Two points have been taken by the revenue in this appeal regarding disallowance u/s 14A and disallowance of misuse charges. 2. In regard to the first issue, the AO found in the course of assessment that the assessee has made investments in shares of companies and units of mutual funds. The investments as on 31.03.2008 stood at Rs. 89,77,51,107/- as compa...