2013 (3) TMI 853 - AT - Income Tax

Summary

The appellate tribunal ITAT Chennai dismissed the Revenue's appeal related to the assessment year 2009-10. The appeal challenged the deletion of a disallowance of Rs. 4,83,59,772 under section 36(1)(ii) of the Income-tax Act, 1961. The tribunal upheld the decision of the Commissioner of Income-tax(Appeals) based on a similar case for the assessment year 2008-09. The appeal was dismissed on March 18, 2013.