https://www.taxtmi.com/caselaws?id=470476 Interest on loans used to acquire residential flats for temporary accommodation of consultants and staff was treated as allowable because the Revenue had accepted the same expenditure in earlier assessments completed on identical facts. In the absence of any demonstrated factual distinction for the relevant year, consistent treatment of the accepted claim was required. The loan's commercial expediency could not be rejected without a factual basis for departure, and the interest disallowance was therefore unsustainable and deleted. en-us Fri, 21 Mar 2025 00:00:00 +0530 Tue, 28 Jul 2026 19:00:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470476 Interest on loans used to acquire residential flats for temporary accommodation of consultants and staff was treated as allowable because the Revenue had accepted the same expenditure in earlier assessments completed on identical facts. In the absence of any demonstrated factual distinction for the relevant year, consistent treatment of the accepted claim was required. The loan's commercial expediency could not be rejected without a factual basis for departure, and the interest disallowance was therefore unsustainable and deleted. Case-Laws Income Tax Fri, 21 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470476