2013 (10) TMI 1066

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..... Hitesh Mehta [2013 (10) TMI 1065 - ITAT MUMBAI]. – Interest expenditure is allowed – Decided in favor of Assessee. - ITA No. 3432/Mum/2011, ITA No. 3433/Mum/2011 - - - Dated:- 23-8-2013 - Shri P. M. Jagtap And Dr. S. T. M. Pavalan,JJ. For the Petitioner : Shri Dharmesh Shah For the Respondent : Dr. P. Dannel ORDER Per Dr. S. T. M. Pavalan, JM:- These two appeals filed by .....

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..... liabilities amounting to Rs.11,24,99,052/- and Rs.12,61,36,245/- respectively for the A.Ys 2005-06 and 2006-07 towards interest expenditure claimed by the assessee. It is pertinent to note that the findings given in para 3.3 above in respect of rejection/reliability of the books of accounts and the proposed adjudication of the Ld.CIT(A) in view of the said direction may have direct impact on the .....

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