https://www.taxtmi.com/caselaws?id=68237 The Tribunal held in favor of the assessee, determining that the assessee was entitled to the deduction under section 43B for the interest converted into shares. The Tribunal found that the AO's failure to allow this deduction constituted a mistake apparent from the record. Consequently, the Tribunal set aside the lower authorities' orders and directed the AO to allow the application under section 154 on its merits, ultimately allowing the appeal in favor of the assessee. en-us Fri, 28 Jul 2006 00:00:00 +0530 Mon, 28 Mar 2011 15:55:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68237 The Tribunal held in favor of the assessee, determining that the assessee was entitled to the deduction under section 43B for the interest converted into shares. The Tribunal found that the AO's failure to allow this deduction constituted a mistake apparent from the record. Consequently, the Tribunal set aside the lower authorities' orders and directed the AO to allow the application under section 154 on its merits, ultimately allowing the appeal in favor of the assessee. Case-Laws Income Tax Fri, 28 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68237