https://www.taxtmi.com/caselaws?id=384422 The ITAT Delhi dismissed the Revenue's appeal, upholding the Ld. CIT(A)'s decision to delete the addition of Rs. 553,90,97,000/- concerning unpaid interest on GOI loans. It was held that Section 43B of the Income Tax Act does not encompass unpaid interest on Government of India loans. The decision aligned with past judicial rulings in the assessee's case, emphasizing consistency in interpretation. The ITAT acknowledged the Ld. CIT(DR)'s cooperation in promptly addressing the appeal. en-us Thu, 08 Aug 2019 00:00:00 +0530 Tue, 13 Aug 2019 13:52:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384422 The ITAT Delhi dismissed the Revenue's appeal, upholding the Ld. CIT(A)'s decision to delete the addition of Rs. 553,90,97,000/- concerning unpaid interest on GOI loans. It was held that Section 43B of the Income Tax Act does not encompass unpaid interest on Government of India loans. The decision aligned with past judicial rulings in the assessee's case, emphasizing consistency in interpretation. The ITAT acknowledged the Ld. CIT(DR)'s cooperation in promptly addressing the appeal. Case-Laws Income Tax Thu, 08 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384422