No Disallowance of Interest Expenditure not claimed during Deposit of Tax in Return: ITAT directs re-adjudication [Read Order]

By Aparna. M - On March 9, 2024 7:02 am - 2 mins read
Disallowance - Interest Expenditure - Deposit - Tax in Return - ITAT - re-adjudication - No Disallowance of Interest Expenditure - taxscan

The Delhi bench  of  Income Tax Appellate Tribunal (ITAT) while directing readjudication observed that no interest expenditure should be disallowed which has not been claimed during the deposit of tax in return. The assessee , WLD Investments Pvt. Ltd.e-filed return of income belatedly under Section 139(4) of the Act showing ‘Nil’ income.Thereafter the case was…

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