Appellant appeals that disallowance made out of Interest Expenses be deleted

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Last updated: 25 May 2021
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The appellant, Anurag Goel, is appealing a decision by the Commissioner of Income Tax (Appeals) that upheld the disallowance of Rs. 17,11,600 from his total interest expenses. The disallowed amount relates to interest paid on unsecured loans taken from relatives, which the tax authorities deemed excessive and unreasonable. The appellant argues for the deletion of this disallowance.

Court :
ITAT Ahmedabad

Brief :
Your appellant being aggrieved by the order passed by the learned Commissioner of Income Tax(Appeals)-!- Ahmedabad (herein after referred to as "Ld. CIT(A) u/s 250 of the act, presents this appeal against the same on the following grounds :-

Citation :
ITA. No: 2966/Ahd/2017

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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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