When assessee makes a provision of interest in its account, in account of creditor, provisions of section 194A would be applicable

DECIDED BY: ITAT, DELHI BENCH `E’, NEW DELHI , IN THE CASE OF: ITO Vs. Executive Officer Cum Secretary Marketing Committee, APPEAL NO: ITA Nos. 1005 & 1006/Delhi of 2009, DECIDED ON April 29, 2010 _____ORDER_____ PER C. L. SETHI, JM: These two appeals are filed by the revenue against a consolidated order dated 15.1.2009 passed by the learned CIT(A) in the matter of order passed by the AO u/s 201(1) and 201(1A) of the Income-tax Act, 1961 (the Act) pertaining to the period relevant to the Assessment Years 2006-07 and 2007-08 respectively. 2. The grounds in both the appeals are identic...