https://www.taxtmi.com/caselaws?id=384311 The Tribunal quashed the AO's rectification order under Section 154, holding it was beyond the scope and jurisdiction. On the merits, the Tribunal allowed the interest expenditure as a deductible business expense for the joint venture. Consequently, the appeals for the assessment years 2012-13, 2013-14, and 2014-15 were allowed, and the disallowances made by the AO were deleted. en-us Mon, 05 Aug 2019 00:00:00 +0530 Fri, 09 Aug 2019 14:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384311 The Tribunal quashed the AO's rectification order under Section 154, holding it was beyond the scope and jurisdiction. On the merits, the Tribunal allowed the interest expenditure as a deductible business expense for the joint venture. Consequently, the appeals for the assessment years 2012-13, 2013-14, and 2014-15 were allowed, and the disallowances made by the AO were deleted. Case-Laws Income Tax Mon, 05 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384311