https://www.taxtmi.com/highlights?id=62213 Deduction of interest on accrual or actual payment basis - interest payable under clause (d) of section 43B - Thus the orders of the Tribunal are set aside and the matters are remanded to the Assessing Officer to examine, whether M/s.Infrastructure Leasing and Financial Services Limited (IL&FS) is a public financial institution; and if it is in affirmative, then, section 43B(d) r/w explanation 3C will be applicable; and pass orders afresh - HC en-us Tue, 01 Mar 2022 11:03:20 +0530 Tue, 01 Mar 2022 11:03:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=62213 Deduction of interest on accrual or actual payment basis - interest payable under clause (d) of section 43B - Thus the orders of the Tribunal are set aside and the matters are remanded to the Assessing Officer to examine, whether M/s.Infrastructure Leasing and Financial Services Limited (IL&FS) is a public financial institution; and if it is in affirmative, then, section 43B(d) r/w explanation 3C will be applicable; and pass orders afresh - HC Highlights Income Tax Tue, 01 Mar 2022 11:03:20 +0530 https://www.taxtmi.com/highlights?id=62213