2012 (4) TMI 787

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..... ORDER Per N.R.S. Ganesan (JM) On a difference of opinion between the Members, who constituted the bench originally the matter was referred to the Learned Vice President as Third Member. 2. The Learned Vice President, after considering the arguments advanced on both sides found that the loan given to the subsidiary company to the extent of ₹ 1,80,28,280 was for business nec .....

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..... not arise out of the order passed u/s 154 of the Income-tax Act. With regard to the issue in respect of amortization of public issue expenses u/s 35(2) of the Act, the order of the Commissioner of Income-tax(A) is confirmed. (3) The next issue is with regard to interest on bank deposit and RBI Bonds. Both the Members, who originally constituted the bench found that it has to be assessed as Inc .....

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