https://www.taxtmi.com/caselaws?id=789501 Interest on borrowings used to invest in overseas group companies was treated as revenue expenditure because the investment was made for business expansion and to secure essential raw materials for the assessee's fertilizer business. The earlier findings on commercial expediency and business purpose had already attained finality on the relevant facts, and the Revenue could not justify a different view for the year in question. On that basis, the challenge to the miscellaneous petition raised no independent substantial question of law, and the Revenue's appeal failed. en-us Wed, 28 Jan 2026 00:00:00 +0530 Thu, 09 Apr 2026 08:09:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789501 Interest on borrowings used to invest in overseas group companies was treated as revenue expenditure because the investment was made for business expansion and to secure essential raw materials for the assessee's fertilizer business. The earlier findings on commercial expediency and business purpose had already attained finality on the relevant facts, and the Revenue could not justify a different view for the year in question. On that basis, the challenge to the miscellaneous petition raised no independent substantial question of law, and the Revenue's appeal failed. Case-Laws Income Tax Wed, 28 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789501