2013 (3) TMI 606

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....KANI) 1. Challenging the order of the Income Tax Appellate Tribunal (for short, hereinafter referred to as "ITAT") dated 30.06.2010, this Tax Appeal under Section 260A of the Income-tax Act, 1961 (for short, hereinafter referred as to "the Act) is preferred raising following substantial questions of law for our consideration: "[A] "Whether the Appellate Tribunal is right in law and on ....

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....t concurred with the findings of the CIT(A). This issue is covered by the decision of the Apex Court in case of Commissioner of Income-tax vs. Indo Nippon Chemicals Co. Ltd. reported in 261 ITR 275. In the result, this issue does not require any further detailed reasonings. 4. Second question pertains to deletion of disallowance of Rs. 4,99,370/- being the interest attributable to interest f....