M/S VENUS AUTO Vs. C.I.T.

JUDGEMENT

(1.) This income tax appeal, under Sec. 260 A of the Income Tax Act, 1961 (hereinafter referred to as the 'Act') has been filed by the assessee against the order of the Income Tax Appellate Tribunal, Agra Bench dated 06.11.2015, for A.Y. 2010-11.

(2.) The assessee is aggrieved by part of the Tribunal's order insofar whereby it has disallowed the claim of interest expenditure under Sec. 36(1)(iii) of the Act and has, to that extent dismissed the appeal filed by the assessee.

(3.) The above appeal was admitted on the following two questions of law:-