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Revenue cannot assume the role and occupy a product of a businessman to decide whether the expenditure is reasonable


Last updated: 05 August 2021

Court :
ITAT Delhi

Brief :
Aggrieved by the order dated 19.03.2018 passed by the Commissioner of Income Tax (Appeals)-6, Delhi ("Ld. CIT(A)") in thecase of M/s Mason Infrastructure Private Limited (“the assessee”), for the assessment year 2013-14, assessee preferred this appeal challenging the confirmation of the disallowance of the interest expenditure on the loan taken by the assessee to the tune of Rs. 1,35,25,521/-.

Citation :
ITA No.-3409/Del/2018

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