Held that no material was placed by the Department to controvert the finding given by the Commissioner (Appeals) that disallowance of interest was only to the extent Rs. 24,58,998. Order of CIT(A) is affirmed. (AY. 2012-13)
DCIT v. East Coast Imports and Exports (2021) 91 ITR 6 (SN) (Vishakha)(Trib.)
S. 36(1)(iii) : Interest on borrowed capital-Explaining that all loans and advances utilised for business purpose-Order of CIT(A) is affirmed.