This Appeal filed by the assessee is directed against the order of
learned Commissioner of Income-tax (Appeals) – 2, Bangalore dated
13/4/2017 for assessment year 2009-10.

2. The grounds raised by the assessee are as under:-

“1. The order of the learned Commissioner of Income Tax
(Appeals) is opposed to the facts of the case and law
applicable to it.

ITA No.1367/B/17

2

2. The learned Commissioner of Income Tax (Appeals)
erred in confirming disallowance to the extent of
Rs.32,80,8221- being the interest on borrowed capital
which was allowable under the provisions of section
36(1)(iii) of the act.

Source: IK