2012 (2) TMI 590

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....nue by : Shri R.K. Vohra, D.R.   O R D E R PER SHRI MUKUL Kr. SHRAWAT, JUDICIAL MEMBER : This petition has been filed on 1st November 2011 by the petitioner, arising from the order of Tribunal dated 21st November 2011. Through this petition it is contended as under : "2. At the time of hearing, after arguing the issue about the disallowance of interest expenditure of Rs. 5,41,8....

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....y us from M/s.Krishna Barrels Pvt.Ltd. against the loans and advances given by us, for which the interest expenditure was incurred." 2. On hearing the submissions of both the sides a short mistake pointed out is that while disallowing the amount of Interest paid of Rs. 5,41,838/-, the Tribunal has not granted the netting of interest earned of Rs. 35,203/-, which was an alternate plea of the cou....