2020 (10) TMI 1322

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....come Tax Act, 1961 (the 'Act'), dt. 29/03/2019, for the Assessment Year 2012-13. 2. The assessee is an individual and is engaged in the business of manufacturing and trading of detergent and resale of soda ash. The issues that arise before us in this revenue appeal are adjudicated as below:- 3. Ground No. 1, is against the action of the ld. CIT(A) deleting the disallowance of Rs. 6,14,090/-. The Assessing Officer made this disallowance of interest paid on the ground that there was excess payment of interest to a related party. The ld. CIT(A) held that the excess interest was just 1 % per annum and well within tolerable limits. He deleted the additions. We do not find any infirmity in this finding of the ld. CIT(A). In the result, we d....

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....2) vs. Shantinath Detergents Pvt. Ltd. in IT(SS)A No. 27 to 32/Kol/2019, order dt. 20/03/2020, in the case of a group concern of the assessee and has considered an identical facts and adjudicated the same in favour of the assessee by holding as under: 6. On a query from the Bench, the ld. D/R, could not demonstrate that the scheme under which the Sales Tax incentive was given to the assessee was different from the scheme under which sales tax incentive was given to Shantinath Detergents Pvt. Ltd. On facts, he could not distinguish this case from that of the case of Shantinath Detergents Pvt. Ltd. Hence, we find no infirmity in the order of the ld. CIT(A). We uphold the same by applying the proposition of law laid down by the ITAT, in the....