IT : Payment of interest at rate of 18 per cent to creditors on basis of resolutions passed by executive committee of assessee-society was found reasonable

IT : Payment of interest at rate of 18 per cent to creditors on basis of resolutions passed by executive committee of assessee-society was found

reasonable

IT : Without rejecting books of account, addition cannot be made on basis of DVO's report

IT : 100 per cent depreciation is allowable on library books

[2015] 55 taxmann.com 188 (Allahabad)

HIGH COURT OF ALLAHABAD

Commissioner of Income-tax-I, Kanpur

v.

Indus Technical Education Society