https://www.taxtmi.com/caselaws?id=465217 ITAT Delhi dismissed the revenue's appeal challenging deletion of disallowance of interest on a secured loan. The assessee had obtained the loan in AY 2007-08, paid interest thereon, and consistently claimed it as deductible expenditure, with no disallowance in scrutiny assessments for AYs 2007-08 to 2011-12. Disallowance was first made in AY 2012-13, which had already been deleted and upheld by ITAT. Applying the rule of consistency, as endorsed by SC, and noting unchanged facts and law, ITAT upheld CIT(A)'s deletion of proportionate interest disallowance, deciding against the revenue. en-us Mon, 08 Aug 2022 00:00:00 +0530 Thu, 11 Dec 2025 13:38:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465217 ITAT Delhi dismissed the revenue's appeal challenging deletion of disallowance of interest on a secured loan. The assessee had obtained the loan in AY 2007-08, paid interest thereon, and consistently claimed it as deductible expenditure, with no disallowance in scrutiny assessments for AYs 2007-08 to 2011-12. Disallowance was first made in AY 2012-13, which had already been deleted and upheld by ITAT. Applying the rule of consistency, as endorsed by SC, and noting unchanged facts and law, ITAT upheld CIT(A)'s deletion of proportionate interest disallowance, deciding against the revenue. Case-Laws Income Tax Mon, 08 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465217