2015 (2) TMI 889

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..... ision has been rendered on factual finding. No reason to interfere with the same, as no element of law is involved. - Decided in favour of assessee Disallowance made u/s. 40(a)(ia) - Tribunal deleted the disallowance - Held that:- Tribunal by following the decision of the Kolkata High Court in CIT vs. Virgin Creations (2011 (11) TMI 348 - CALCUTTA HIGH COURT ), wherein it has been held that the .....

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..... 61, as the assessee has failed to prove the credit worthiness of the creditor? (2) Whether on the facts and circumstances of the case and in law, the Tribunal is justified in deleting the disallowance made u/s. 40(a)(ia) of the Income Tax Act, 1961? We have heard Sri J.V. Prasad, learned counsel for the appellant and gone through the impugned judgment and order of the learned .....

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