https://www.taxtmi.com/caselaws?id=389576 The High Court dismissed the Revenue's appeal, affirming the Tribunal's decision in favor of the assessee. The Court held that the assessee was entitled to exemption from tax deduction on the interest payment for the foreign currency loan, as granted by the Ministry of Finance. The Court emphasized that the exemption was valid, and the assessee complied with the provisions of Section 10(15)(f) regarding the utilization of the loan for industrial development in India. en-us Tue, 03 Dec 2019 00:00:00 +0530 Mon, 22 Jun 2020 14:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389576 The High Court dismissed the Revenue's appeal, affirming the Tribunal's decision in favor of the assessee. The Court held that the assessee was entitled to exemption from tax deduction on the interest payment for the foreign currency loan, as granted by the Ministry of Finance. The Court emphasized that the exemption was valid, and the assessee complied with the provisions of Section 10(15)(f) regarding the utilization of the loan for industrial development in India. Case-Laws Income Tax Tue, 03 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389576