https://www.taxtmi.com/caselaws?id=292307 The Appellate Tribunal ITAT Jodhpur directed the recall and rectification of the order in ITA No. 430/JU/2008 for the A.Y. 2004-05, allowing deduction for interest paid to third parties. The Tribunal recognized the oversight in not permitting the deduction initially and considered the claim as allowable based on relevant case laws and judgments, ensuring consistency with legal precedents. The decision emphasized the importance of adhering to established legal principles and past precedents in resolving the appeal effectively. en-us Fri, 02 May 2014 00:00:00 +0530 Sat, 19 Dec 2020 06:17:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292307 The Appellate Tribunal ITAT Jodhpur directed the recall and rectification of the order in ITA No. 430/JU/2008 for the A.Y. 2004-05, allowing deduction for interest paid to third parties. The Tribunal recognized the oversight in not permitting the deduction initially and considered the claim as allowable based on relevant case laws and judgments, ensuring consistency with legal precedents. The decision emphasized the importance of adhering to established legal principles and past precedents in resolving the appeal effectively. Case-Laws Income Tax Fri, 02 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292307