Deputy Commissioner Of Income tax Circle - 7(1)(1), Bengaluru vs M/S United Breweries Ltd., Srikakulam District

Last updated: 23 December 2020
Quick Summary
This Income Tax Appellate Tribunal case concerns an appeal by the Deputy Commissioner of Income Tax against M/s. United Breweries Ltd. The Revenue contested the CIT(A)'s decision to delete disallowances made by the AO. Key issues include the utilisation of interest-bearing funds for investments in subsidiary companies and the deletion of an addition for bank guarantee commission.

Court :
ITAT Bangalore

Brief :
This appeal filed by the Revenue is directed against the order of Commissioner of Income Tax (Appeals)-2, Visakhapatnam Dt.14.02.2018 for the Assessment Year 2010-11.

Citation :
ITA No.1434/Bang/2018

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