2016 (12) TMI 1831
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....rected against the order of the Commissioner of Income-tax(Appeals)-2, Chennai dated 31.03.2016. 2. The only issue in this appeal is with regard to disallowance of interest paid on loans. The assessee claimed interest amount of Rs.7,36,579/- on accrual basis. The said interest was accrued on the loans borrowed in earlier years and there is no actual payment of this interest to the parties. The AO....




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