The ITAT found that the AO and the Commissioner of Income Tax (Appeals) (CIT (A)) did not adequately consider Shah’s alternate claim under Section 36 (1) (iii). Shah provided details of borrowed funds ...

The company expressed confidence in its position, stating that it has strong grounds to challenge the order and is taking ...

Swiggy said it has a strong case on merits and will be filing an appeal against the order before the appropriate authority.