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1 - 4 of 4 (0.24 seconds)Section 153A in The Income Tax Act, 1961 [Entire Act]
Acit, Cc-Ii, Ludhiana vs M/S Jai Bhole Steel Tubes (P) Ltd., ... on 7 September, 2018
accepted when the assessment was not pending as on the date of search.
Accordingly, in view of the decision of Hon'ble Jurisdictional High Court in case of Jai
Steel India vs. ACIT, 219 Taxman 223 (Raj.), the AO is not permitted to make an
addition in the absence of any incriminating material. Hence the disallowance made
by AO on account of interest expenditure is deleted.
Section 132 in The Income Tax Act, 1961 [Entire Act]
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