https://www.taxtmi.com/caselaws?id=219999 The Tribunal allowed both appeals filed by the assessee, confirming that Broken Period Interest (BPI) paid on the purchase of securities should be treated as revenue expenditure. Additionally, BPI paid in earlier years should not be disallowed in the current assessment year. The adjustments on valuation of securities were dismissed as they were deemed consequential to the favorable decisions on the first two issues. en-us Fri, 14 Sep 2012 00:00:00 +0530 Thu, 03 Jan 2013 17:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219999 The Tribunal allowed both appeals filed by the assessee, confirming that Broken Period Interest (BPI) paid on the purchase of securities should be treated as revenue expenditure. Additionally, BPI paid in earlier years should not be disallowed in the current assessment year. The adjustments on valuation of securities were dismissed as they were deemed consequential to the favorable decisions on the first two issues. Case-Laws Income Tax Fri, 14 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219999