CIT(A) can’t make disallowance of interest exp. as same wasn’t subject matter of assessment before AO: ITAT

INCOME TAX : Where issue related to disallowance of interest expenditure incurred by assessee on loan borrowed by it was not subject-matter of assessment before Assessing Officer, impugned order passed by Commissioner (Appeals) disallowing interest expenditure incurred on loan taken by assessee under section 36(1)(iii) was unjustified

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000315719/cita-can’t-make-disallowance-of-interest-exp-as-same-wasn’t-subject-matter-of-assessment-before-ao-itat.aspx