आदेश/ORDER

PER S.R. RAGHUNATHA, AM:

These appeals filed by the assessee are directed against two orders of Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi, both dated 07.04.2025 passed under section 250 of the Income Tax Act, 1961 (hereinafter called ‘the Act’). The relevant Assessment Years are 2013-14 & 2014-15.

ITA No.2272/CHNY/2025 (AY 2013-14)

2. The grounds raised by the assessee read as follows:-

1. The order of the learned Commissioner of Income Tax (Appeal), NFAC is erred in confirming disallowance of interest expenses of Rs. 2,73,73,313/-.

2. The learned CIT (A) was unjustified in not considering the submission of the Appellant that interest on term loan sanctioned for acquiring specific assets cannot be disallowed as the term loans were utilised by the Appellant for the purpose of acquiring specific assets.

3. The learned CIT (A) is not justified in confirming the disallowance of interest on term loans without any specific finding that the term loans were diverted and utilised for giving interest free loans.]

4. The learned CIT(A) failed to consider the fact that the Appellant had taken interest free unsecured loans amounting to Rs. 7.67 cror