https://www.taxtmi.com/caselaws?id=220656 The appeals filed by the assessee were allowed, and the disallowance of interest expenditure under sections 36(1)(iii) and 40A(2) of the Income Tax Act was deleted. The appeals filed by the revenue were dismissed. Additionally, the Tribunal upheld the CIT(A)'s decision regarding the allowability of excess amortization on rights purchased, emphasizing the consistent accounting method followed by the assessee. The revenue's appeals on this ground were also dismissed. en-us Fri, 19 Oct 2012 00:00:00 +0530 Mon, 04 Feb 2013 08:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220656 The appeals filed by the assessee were allowed, and the disallowance of interest expenditure under sections 36(1)(iii) and 40A(2) of the Income Tax Act was deleted. The appeals filed by the revenue were dismissed. Additionally, the Tribunal upheld the CIT(A)'s decision regarding the allowability of excess amortization on rights purchased, emphasizing the consistent accounting method followed by the assessee. The revenue's appeals on this ground were also dismissed. Case-Laws Income Tax Fri, 19 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220656