https://www.taxtmi.com/caselaws?id=394026 The Tribunal allowed the appeal on the disallowance of interest expenditure under Section 36(1)(iii) of the Income Tax Act, directing the Assessing Officer to delete the addition. Additionally, the Tribunal partly allowed the appeal on the Foreign Tax Credit issue under Section 91 by permitting the disallowed FTC as business expenditure. The other issues raised were either inherently addressed or not specifically ruled upon, resulting in the partial success of the assessee's overall appeal. en-us Thu, 05 Mar 2020 00:00:00 +0530 Sat, 28 Mar 2020 11:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394026 The Tribunal allowed the appeal on the disallowance of interest expenditure under Section 36(1)(iii) of the Income Tax Act, directing the Assessing Officer to delete the addition. Additionally, the Tribunal partly allowed the appeal on the Foreign Tax Credit issue under Section 91 by permitting the disallowed FTC as business expenditure. The other issues raised were either inherently addressed or not specifically ruled upon, resulting in the partial success of the assessee's overall appeal. Case-Laws Income Tax Thu, 05 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394026