2018 (11) TMI 1485

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....or DR ORDER PER KULDIP SINGH, JUDICIAL MEMBER : The appellant, M/s. Amorphos Chemicals Pvt. Ltd. (hereinafter referred to as 'the assessee') by filing the present appeal, sought to set aside the impugned order dated 19.01.2018 passed by Ld. CIT (Appeals)-32, New Delhi qua the assessment year 2013-14 on the grounds inter alia that :- "1. The order passed by CIT (A) -32 is bad in law and void a....

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....essee company has paid interest to well known finance companies as shown in the order passed by the A.O. We are assuming that those said companies filed their returns on regular basis. Once the said companies have shown the interest received in their books of account and paid liabilities of income tax as calculated, then there is no question of disallowance as made by the Assessing Officer." 2. B....

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....efault u/s 194A of the Income-tax Act, 1961 (for short 'the Act') and consequently expenditure of Rs. 12,89,711/- has been disallowed u/s 40(a)(ia) of the Act. 3. Assessee carried the matter by way of appeal before the ld. CIT (A) who has confirmed the disallowance by dismissing the appeal. Feeling aggrieved, the assessee has come up before the Tribunal by way of filing the present appeal. 4. We....

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.... assessee that it is understandable that the said companies have filed their returns on regular basis and have shown the interest received in their books of account and paid due liabilities of income-tax and in such circumstances, no disallowance can be made and relied upon the cases of coordinate Benches of the Tribunal in Shri Azmath Ulla vs. ACIT - ITA No.144/Bang/2017 dated 07.06.2017 and ITO ....