2011 (7) TMI 1346 - HC - Income Tax

Summary

The Gujarat High Court admitted a Tax Appeal for consideration of the substantial question of law regarding the disallowance of interest on DDBs amounting to Rs. 6,54,33,173. The Appellate Tribunal reversed the order passed by CIT(A) and deleted the disallowance. The revised amount is Rs. 28,96,45,191. The case is to be heard with Tax Appeal No.226 of 2010.