Disallowance made by the AO on allegation of diverting borrowed ...

Assessing Officer's disallowance for alleged fund diversion to sister concerns unsupported by evidence, cannot be upheld.

June 20, 2013

Case Laws Income Tax AT

Disallowance made by the AO on allegation of diverting borrowed funds to the sister concerns is not borne out from record, hence, cannot be accepted. - AT

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Disallowance made by the AO on allegation of diverting borrowed ...

Assessing Officer's disallowance for alleged fund diversion to sister concerns unsupported by evidence, cannot be upheld.

June 20, 2013

Case Laws Income Tax AT

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