https://www.taxtmi.com/caselaws?id=431228 The ITAT dismissed the Revenue Department's appeal, affirming that the premium on redemption of debentures could be claimed on a proportionate basis over the life of the debentures. The decision was based on the precedent set by the Delhi High Court in Jagjeet Industries and the Supreme Court in Madras Industrial Investment Corpn. Ltd., ensuring a consistent and logical application of the law. The ITAT found no reason to interfere with the Commissioner's well-reasoned and logical order. en-us Thu, 28 Jul 2022 00:00:00 +0530 Wed, 07 Dec 2022 21:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431228 The ITAT dismissed the Revenue Department's appeal, affirming that the premium on redemption of debentures could be claimed on a proportionate basis over the life of the debentures. The decision was based on the precedent set by the Delhi High Court in Jagjeet Industries and the Supreme Court in Madras Industrial Investment Corpn. Ltd., ensuring a consistent and logical application of the law. The ITAT found no reason to interfere with the Commissioner's well-reasoned and logical order. Case-Laws Income Tax Thu, 28 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431228