https://www.taxtmi.com/caselaws?id=300822 The Tribunal confirmed the CIT(A)'s order, dismissing the Revenue's appeal against the disallowance of interest and finance charges under section 43B(d) of the Income Tax Act for assessment years 2009-10 and 2010-11. The Tribunal emphasized the terms of the loan agreement, noting the postponement of interest payment and upheld the applicability of section 43B(d) and Explanation 3(c). The Revenue's appeal lacked new material to challenge the previous order, leading to the dismissal of both the Revenue's appeals and the Cross Objections filed by the assessee. en-us Fri, 06 Jun 2014 00:00:00 +0530 Sun, 27 Feb 2022 20:35:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300822 The Tribunal confirmed the CIT(A)'s order, dismissing the Revenue's appeal against the disallowance of interest and finance charges under section 43B(d) of the Income Tax Act for assessment years 2009-10 and 2010-11. The Tribunal emphasized the terms of the loan agreement, noting the postponement of interest payment and upheld the applicability of section 43B(d) and Explanation 3(c). The Revenue's appeal lacked new material to challenge the previous order, leading to the dismissal of both the Revenue's appeals and the Cross Objections filed by the assessee. Case-Laws Income Tax Fri, 06 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300822