Browse Tax Judgements
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Maithan Alloys Ltd. Vs. DCIT, Cir.1(1)
ITA Nos.543 & 544/KOL/2024INCOME TAX APPELLATE TRIBUNAL “B” BENCH, KOLKATA21 Jan 2025
The Assessing Officer (AO) disallowed an interest expenditure of ₹2,08,45,476/- under section 36(1)(iii) of the Act, noting that the assessee had charged ₹5,57,03,070/- as interest on loan in the profit and loss account. The AO observed tha…
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Ambuja Neotia Hotel Ventures Ltd. vs. DCIT, Circle 8(1)
ITA No.44/KOL/2024Income Tax Appellate Tribunal 'B' Bench, Kolkata8 Jan 2025
During the assessment year 2014-15, the assessee, Ambuja Neotia Hotel Ventures Ltd., earned exempt income of Rs.3,929/- by way of dividend income. The assessee suo moto disallowed Rs.13,355/- as expenditure incurred in relation to earning o…
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