Finance Costs Reassessment Allowed: Section 36(1)(iii) Doesn't Prevent Revenue From Reviewing Claims Yearly Despite Past Acceptances.

Finance Costs Reassessment Allowed: Section 36(1)(iii) Doesn't Prevent Revenue From Reviewing Claims Yearly Despite Past Acceptances. https://www.taxtmi.com/highlights?id=37257 Disallowance of Finance Cost incurred during the year under the consideration u/s 36(1)(iii) - mere acceptance of the claim in earlier years in proceedings u/s 143(1) does not debar Revenue from examining the claim on merits in subsequent years and does not create a bar of res-judicata . - AT en-us Fri, 22 Dec 2017 10:23:32 +0530 Fri, 22 Dec 2017 10:23:32 +0530 TaxTMI RSS Generator Finance Costs Reassessment Allowed: Section 36(1)(iii) Doesn't Prevent Revenue From Reviewing Claims Yearly Despite Past Acceptances. https://www.taxtmi.com/highlights?id=37257 Disallowance of Finance Cost incurred during the year under the consideration u/s 36(1)(iii) - mere acceptance of the claim in earlier years in proceedings u/s 143(1) does not debar Revenue from examining the claim on merits in subsequent years and does not create a bar of res-judicata . - AT Highlights Income Tax Fri, 22 Dec 2017 10:23:32 +0530 https://www.taxtmi.com/highlights?id=37257