https://www.taxtmi.com/caselaws?id=428192 The Tribunal upheld the CIT(A)'s decision to delete disallowances on interest on a loan used to purchase shares and processing fees paid to banks. It found the expenses were incurred for business purposes, allowing them as deductions under the Income Tax Act. The Tribunal rejected the Revenue's appeal, emphasizing that concessions made before the AO do not prevent challenging issues on appeal. en-us Wed, 21 Sep 2022 00:00:00 +0530 Mon, 26 Sep 2022 08:30:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428192 The Tribunal upheld the CIT(A)'s decision to delete disallowances on interest on a loan used to purchase shares and processing fees paid to banks. It found the expenses were incurred for business purposes, allowing them as deductions under the Income Tax Act. The Tribunal rejected the Revenue's appeal, emphasizing that concessions made before the AO do not prevent challenging issues on appeal. Case-Laws Income Tax Wed, 21 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428192