2019 (4) TMI 1488

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....1. This appeal is filed by the Revenue to challenge the judgment of the Income Tax Appellate Tribunal, Mumbai ("the Tribunal" for short) dated 13.4.2016. 2. Several questions are raised by the Revenue, however, these issues are merely remanded by the Tribunal before the Assessing Officer. We, therefore, do not see any reason to interfere in this respect, however, we may for clarification, notic....

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....391)?" 4. It appears that the assessee had purchased securities on which certain interest was paid. The Revenue argued that the entire cost of security would include such interest component and the same would, therefore, be in the nature of capital expenditure. The assessee, however, argued that there was separate interest component payment of which was an allowable deduction. The Tribunal havi....