https://www.taxtmi.com/highlights?id=58332 Disallowance of interest payment converted into FITL (Funded Interest Term Loans) - the impugned ‘funded interest term loan’ is not a loan transaction but assessee’s contract agreement with the creditor party and therefore, the CIT(A) has held that the same is not exigible to ‘actual payment’ contemplated u/s.43B of the Act. - No additions - AT en-us Fri, 11 Jun 2021 12:46:34 +0530 Fri, 11 Jun 2021 12:46:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58332 Disallowance of interest payment converted into FITL (Funded Interest Term Loans) - the impugned ‘funded interest term loan’ is not a loan transaction but assessee’s contract agreement with the creditor party and therefore, the CIT(A) has held that the same is not exigible to ‘actual payment’ contemplated u/s.43B of the Act. - No additions - AT Highlights Income Tax Fri, 11 Jun 2021 12:46:34 +0530 https://www.taxtmi.com/highlights?id=58332