2015 (2) TMI 764

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....ajesh 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:-                "(a) Whether in the facts and cir....

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....ans 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 commercial expediency or not? Counsel for the par....