Tribunal following the order of earlier year disallowance is deleted. Followed, Uniparts India Ltd. v. Dy. CIT 2021 SCC OnLine ITAT 580 (Delhi)(Trib) (AY. 2010-11)
ACIT v. Uniparts India Ltd(2023) 150 taxmann.com 142 / (2024)115 ITR 473 (Delhi)(Trib) Editorial : Affirmed in PCIT v. Uniparts India Ltd(2024) 298 Taxman 212 (Delhi)(HC)
S. 36(1)(iii) :Interest on borrowed capital-Higher rate of interest 16% to bank on loans-Rate charged to subsidiaries lesser rate of 6%-Disallowance is deleted.