https://www.taxtmi.com/caselaws?id=296165 The SC upheld the decisions of the ITAT and HC, allowing the deduction of a lump sum pre-payment premium paid by the assessee to IDBI. The SC agreed that the premium, considered as an upfront payment for reducing the interest rate on a restructured loan, qualified as a revenue expenditure deductible in the year of accrual. The SC found no reason to apply a previous judgment differently, leading to the dismissal of the appeals without costs, and all pending applications were disposed of. en-us Tue, 14 Jan 2020 00:00:00 +0530 Thu, 25 Jun 2026 14:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296165 The SC upheld the decisions of the ITAT and HC, allowing the deduction of a lump sum pre-payment premium paid by the assessee to IDBI. The SC agreed that the premium, considered as an upfront payment for reducing the interest rate on a restructured loan, qualified as a revenue expenditure deductible in the year of accrual. The SC found no reason to apply a previous judgment differently, leading to the dismissal of the appeals without costs, and all pending applications were disposed of. Case-Laws Income Tax Tue, 14 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296165