https://www.taxtmi.com/caselaws?id=354754 The Tribunal dismissed the Revenue's appeal, upholding the decisions of the CIT(A) regarding the disallowance of interest expenses on bill discounting charges and brokerage paid for obtaining credit facility from nationalized banks. The Tribunal found that the appellant's actions were in line with business requirements and supported by proper documentation, leading to the rejection of the Revenue's grounds of appeal. en-us Tue, 30 Jan 2018 00:00:00 +0530 Sat, 03 Feb 2018 08:34:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354754 The Tribunal dismissed the Revenue's appeal, upholding the decisions of the CIT(A) regarding the disallowance of interest expenses on bill discounting charges and brokerage paid for obtaining credit facility from nationalized banks. The Tribunal found that the appellant's actions were in line with business requirements and supported by proper documentation, leading to the rejection of the Revenue's grounds of appeal. Case-Laws Income Tax Tue, 30 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354754