Begin typing your search above and press return to search.
![Excess Expenditure can’t be allowed since Interest bearing Loans were Utilized to Advances Interest Free Loans: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Expenditure-Taxscan.jpg "Excess Expenditure can’t be allowed since Interest bearing Loans were Utilized to Advances Interest Free Loans: ITAT [Read Order]")
Excess Expenditure can’t be allowed since Interest bearing Loans were Utilized to Advances Interest Free Loans: ITAT [Read Order]
In a recent decision in Nitin Kumar Ganeriwala vs. Income Tax Officer, Mumbai bench of Income Tax Appellate Tribunal (ITAT) recently held that excess...