https://www.taxtmi.com/caselaws?id=389692 The tribunal upheld the Commissioner of Income Tax's revisionary order under Section 263, directing a re-examination of various issues including deduction claims for interest and exchange fluctuation loss on FRN, written-off value of crankshaft, proportionate interest on loans to an associate company, funding sources for Inter Corporate Deposit, and taxability of interest relief under Corporate Debt Restructuring. The tribunal emphasized the necessity of detailed inquiry and application of relevant legal provisions in assessing such claims, ultimately dismissing the appeal. en-us Thu, 12 Dec 2019 00:00:00 +0530 Fri, 13 Dec 2019 13:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389692 The tribunal upheld the Commissioner of Income Tax's revisionary order under Section 263, directing a re-examination of various issues including deduction claims for interest and exchange fluctuation loss on FRN, written-off value of crankshaft, proportionate interest on loans to an associate company, funding sources for Inter Corporate Deposit, and taxability of interest relief under Corporate Debt Restructuring. The tribunal emphasized the necessity of detailed inquiry and application of relevant legal provisions in assessing such claims, ultimately dismissing the appeal. Case-Laws Income Tax Thu, 12 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389692