https://www.taxtmi.com/caselaws?id=284426 The Tribunal upheld the Commissioner of Income Tax (Appeals)'s decision to allow the claim of broken period interest paid by the assessee on deposits and borrowings. The Tribunal relied on previous Tribunal orders, legal principles of accounting, and relevant circulars to support the assessee's position. Consequently, the Revenue's appeals were dismissed, affirming the allowance of broken period interest as a deduction for the assessee. en-us Wed, 03 Apr 2019 00:00:00 +0530 Mon, 18 Nov 2019 08:23:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284426 The Tribunal upheld the Commissioner of Income Tax (Appeals)'s decision to allow the claim of broken period interest paid by the assessee on deposits and borrowings. The Tribunal relied on previous Tribunal orders, legal principles of accounting, and relevant circulars to support the assessee's position. Consequently, the Revenue's appeals were dismissed, affirming the allowance of broken period interest as a deduction for the assessee. Case-Laws Income Tax Wed, 03 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284426