2015 (2) TMI 764

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....ocate, For the respondents : Mr. Rajesh Katoch, Advocate, RAJIVE BHALLA, J (Oral) The assessee is before us challenging order dated 10.04.2000, passed by the Income Tax Appellate Tribunal, Chandigarh Bench 'B', Chandigarh, (hereinafter referred to as 'the ITAT"), on the following questions of law:-             &nbs....

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....s of the appellant-company as interest free loans is not a part of the overdraft amount in respect of whose interest liability the deduction is being claimed?" Counsel for the parties agree that questions of law may be reframed in the following terms:-         "Whether the interest free money advanced to the appellant's sister concerns is occasioned by ....