assessee was seeking allowance of Rs. 10,99,552/- Under Section 36(1)(vii) , being provision for doubtful debts, over and above the allowance ... Section 36(1)(vii) while completing the assessment Under Section 143(3) and thereby allowed the claim of the assessee Under Section
erred in confirming the disallowance of interest of Rs. 1,23,87,552/- u/s 36(1)(iii)
of the Act. As is discernible from ... claim for deduction of interest expenditure of
Rs.1,29,83,552/- u/s 36(1)(iii) of the Act.
11. We have heard
assessee was seeking allowance of Rs. 10,99,552 under Section 36 ()(vii), being provision for doubtful debts, over and above the allowance ... Section 36(1)(vii) while completing the assessment under Section 143(3) and thereby allowed the claim of the assessee under Section
assessee was seeking allowance of Rs. 10,99,552 under Section 36(1)(vii) , being provision for doubtful debts, over and above the allowance ... Section 36(1)(vii) while completing the assessment under Section 143(3) and thereby allowed the claim of the assessee under Section
exactly the
expression used in section 33(1)(b)(B) and section 80E as also in section 80B(7)
except with the difference that this ... eligible for claiming deduction under the said section because funds
15
ITA 552/Mum/2004
Housing Development Finance Corporation Limited
raised by way of foreign
under the normal
provisions of the Act and ` 2188,13,41,552, under section 115JB of
the Act. Subsequently, the assessee filed revised return ... under the
normal provisions of the Act and ` 2188,13,41,552, under section
115JB of the Act. During the assessment proceedings, the Assessing
Officer
provisions
of the Act and book profit of Rs.275,57,06,552/- u/s. 115JB of the Act.
Subsequently, the assessee filed a revised ... under normal provisions and book profit at
Rs.275,57,06,552/- u/s. 115JB of the Act. Assessee's case was selected
allowed the appeal filed by the assessee against the assessment
order passed u/s 143 (3) of the Income Tax Act, 1961 (for short ... under the normal provisions of the Act and Rs.
2188,13,41,552/- u/s 115JB of the Act. The case was selected for scrutiny
under 115JB inter alia making disallowance of Rs.
3,03,01,552/- under section 14A r.w.r. 8D of the Income Tax (rules ... erred in deleting the disallowance of
Rs.3,03,01,552/-
Order u/s 143 (3) of the Act
of Rs. 75,55,552/- u/s 68 of the Act.
Jaykar Shetty 2
ITA No. 3528
