ITAT Jodhpur upholds deduction on interest paid to third parties for asst. yr. 1995-96.

The ITAT Jodhpur dismissed Revenue's appeal for asst. yr. 1995-96 against CIT(A) Jodhpur's order, allowing deduction on interest paid to third parties based on a previous decision in favor of the assessee.

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The Appellate Tribunal ITAT Jodhpur dismissed the Revenue's appeal for asst. yr. 1995-96 against the order of CIT(A), Jodhpur, dt. 21st April, 1999. The Tribunal found the matter covered in favor of the assessee by a previous decision and declined to interfere, allowing deduction on interest paid to third parties.

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