consistency in income tax assessments

[satbir singhwahi]

Sir

If interest expences are allowed in past assessments years u/s 143(3), whether consistency in assessments need to maintained.Pls guide any case laws.

AI Summary

Taxpayer Questions Consistency in Interest Expense Allowance Under Section 143(3) for Unchanged Circumstances A forum participant raised a query about the consistency of income tax assessments, specifically whether interest expenses allowed in previous years under section 143(3) should continue to be allowed if the facts remain unchanged. The participant noted that while interest expenses were allowed from 2008-09 to 2012-13, the assessing officer disallowed 1/10th of the interest in 2013-14, alleging improper use of funds. The participant sought case laws to support maintaining consistency in assessments. Another forum member advised proving the department's allegations wrong and offered to help find relevant case laws if more details were provided.