2015 (3) TMI 1283

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.... For the  Appellant : Ms. Suruchi Aggarwal, sr. standing counsel For the Respondent : Mr. S. Krishnan, Adv. ORDER MR. JUSTICE S. RAVINDRA BHAT (OPEN COURT) CM Nos.2774/2015, 2776/2015 and 2777/2015 Exemption is allowed subject to all just exceptions. The applications are disposed of. ITA Nos.103/2015, 105/2015, 106/2015 and 104/2015 1. The revenue is aggrieved by comm....

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....ition is in fact conceded by the revenue. Consequently, the appeals do not involve any substantial question of law. They are dismissed. 4. In ITA 104/2015, an additional issue arises relating to prior interest expenditure claim on account interest for a prior period. AO had made an addition of Rs.1,10,10,874/-. The assessee had contended that on account of retrospective revision of rate of inte....

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....to be considered for the prior and allowed in that year. If it is found that the expenses are allowable in this year on the basis of crystallization of liability, the same may be considered in the year under appeal. The assessee is therefore, directed to place necessary evidence in support of claim of expenses. The Assessing officer on appreciation of evidence may determine the year of allowabilit....