Where loan was raised subsequent to debit of interest free advances to sister concern and there was no nexus between borrowed funds and interest free advance, no disallowance of interest was warranted

IT : Where loan was raised subsequent to debit of interest free advances to sister concern and there was no nexus between borrowed funds and interest free advance, no disallowance of interest was warranted

IT : Where assessee-firm did not deduct tax on payment to a company towards web charges, such expenses were rightly disallowed in terms of section 40(a)(ia)

IT: Expenditure incurred on purchase of a new transformer is capital in nature

[2013] 31 taxmann.com 54 (Delhi - Trib.)

IN THE ITAT DELHI BENCH 'A'

Assistant Commissioner of Income-tax, Circle 37(1)

v.

Anand & Anand*