2019 (5) TMI 316

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....al before the Tribunal against order of the ld.CIT(A)-8, Ahmedabad dated 16.6.2017 passed for the Asstt.Year 2012- 13. 2. Assessee has taken four grounds of appeal, out of them it did not press ground no.3. Ground No.1 and 4 are general grounds, which do not call for recording of any finding. Hence, all these grounds are rejected. Only ground which has been pressed by the assessee is ground no.....

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....orked out. 4. I find that the assessee has interest free fund of Rs. 3,22,11,819/- out of which it could be construed that the assessee must have given advance without charging interest. Since interest free funds are more than the interest free advance given by the assessee, therefore, there should not be any interest expenditure require to be disallowed from the claim of the assessee. For this....