2011 (2) TMI 1497

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..... wo questions are raised by the Appellant in this appeal. The same are as follows: 1. Whether the Tribunal was justified in upholding the disallowance of the interest of ₹ 78,72,653/- on the ground that the investment in impugned shares were made for gaining controlling interest in the Malaysian Company, TCLIM ? 2. Whether the Tribunal was justified in directing the asseessing officer t .....

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..... controlling interest therein, whereas, in the present case, the investments have been made for earning dividend. This aspect of the matter has not been considered by the Tribunal. 4. In this view of the matter both parties agree that this question also be remanded back to the Tribunal for de novo consideration. Accordingly, the impugned order of the ITAT dated 16th April, 2009 passed in ITA Nos .....

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