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Commissioner of Income-tax (Central), Lu v. M/s Alchem. India Limited, Ludhiana. - ITA-106-2003 [2006] RD-P&H 9512 (30 October 2006)

IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH.

I.T.A. No.106 of 2003

Date of decision: 07.11.2006

Commissioner of Income-tax (Central), Ludhiana.

---Appellant

Vs.

M/s Alchem. India Limited, Ludhiana.

---Respondent.

CORAM:- HON'BLE MR JUSTICE ADARSH KUMAR GOEL
HON'BLE MR JUSTICE RAJESH BINDAL

Present: Mr. S.K. Garg Narwana, Advocate for the appellant.

-----

ORDER:

This appeal has been preferred by revenue against the order dated 03.12.2002 of Income Tax Appellate Tribunal, Chandigarh Bench-B, Chandigarh in I.T.A. No.97/Chandi/98 in respect of the assessment year 1994-95 proposing following substantial question of law:- "Whether on the facts and in the circumstances of the case, the Tribunal was right in law in deleting the disallowance of Rs.6,85,975/- made on account of interest on Interest Free Advances given to the sister-concerns for non-business purposes?"

In view of order passed today in Commissioner of Income Tax (Central), Ludhiana v. M/s Varinder Agro Chemicals Limited, Ludhiana I.T.A. No.30 of 2002, this appeal is disposed of in the same terms.

( ADARSH KUMAR GOEL )

JUDGE

November 07, 2006 ( RAJESH BINDAL )

ashwani JUDGE


Copyright

Reproduced in accordance with s52(q) of the Copyright Act 1957 (India) from judis.nic.in, indiacode.nic.in and other Indian High Court Websites

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