Shew Kissen Bhatter [1973] 89 ITR 61 (SC)
ITAT Asr : Abhishek Industries 286 ITR 1 is not applicable where disallowance u/s 36(1)(iii) is made inspite of availability of owned capital
M/s. N.R.C. Industries Ltd.:ITA No.139/(Asr)/2017 dtd 31/08/2017
Followed :
1.Punjab and Haryana High Court in the case of The Dy. CIT, Central Circle-II, Jalandhar. Versus of M/s Holy Faith International Pvt. Ltd., ITA no. 87/2017 O & M, decided on 24-07-2017
2. CIT-1, Ludhiana Vs. Rakesh Gupta, ITA No.37-2014, dated 2.07.2015
3. ACIT Vs. Omax Bikes Limited’ ITA No.l085/Chd/2013 dated 06.08.2015.