interest amount
was given by the assessee to KFC on behalf of the sister concern and as such the
assessee should have deducted ... submitted that
the assessee had utilised the loan from Kerala Financial Corporation (KFC) for the
last many years commencing from Assessement year
family members pledged Rs.12,00,000/-.
iii)Withdrawals of loans from KFC Rs.41,85,000/-.
7.2 The Assessing officer treated the sources ... gold
with evidence.
(iii) Correct and complete details of loan received from KFC with
supporting evidences
style
of Vinayak Golden Mall. The appellant also availed loan from KFC
for construction of the said mall on which a total interest
made addition of interest and bank
charges paid to KFC invoking the provisions of section 43B of the Act.
The AO also made addition
made addition of interest and bank
charges paid to KFC invoking the provisions of section 43B of the Act.
The AO also made addition
interest on loan credited to Kerala
Finance Corporation (KFC) for construction of Mall of Rs.
30,99,044/-. The AO disallowed electricity charges paid ... also disallowed
interest on of Rs. 7,88,919/- availed from KFC for construction of
Multiplex, as the asset was not put to use. Similarly
