https://www.taxtmi.com/caselaws?id=276056 The appeal against the CIT(A) order for AY 2009-10 involved issues including the rejection of a claim under section 80IB(11A), non-allowance of interest on a bank overdraft, and addition of alleged advances given by the assessee. The ITAT directed the AO to reconsider the claim under section 80IB(11A) in light of actual transportation undertaken, verify the source of borrowing for the bank overdraft, and adjust interest income accordingly, and restrict the addition of advances by computing interest income at 12% instead of 18%. The appeal by the assessee was partially allowed for statistical purposes. en-us Wed, 20 Nov 2013 00:00:00 +0530 Fri, 26 Oct 2018 11:52:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276056 The appeal against the CIT(A) order for AY 2009-10 involved issues including the rejection of a claim under section 80IB(11A), non-allowance of interest on a bank overdraft, and addition of alleged advances given by the assessee. The ITAT directed the AO to reconsider the claim under section 80IB(11A) in light of actual transportation undertaken, verify the source of borrowing for the bank overdraft, and adjust interest income accordingly, and restrict the addition of advances by computing interest income at 12% instead of 18%. The appeal by the assessee was partially allowed for statistical purposes. Case-Laws Income Tax Wed, 20 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276056