Revision Initiated u/s 263 for Disallowance of Interest Expenses u/s 36(1)(iii) of Income Tax Act.

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....Revision u/s 263 - disallowance u/s 36(1)(iii) - Since the issue under consideration during the assessment proceedings was only confined to the disallowance of interest expenses on debentures, therefore, we are of the considered view that revision proceedings under section 263 have correctly been initiated in respect of this issue. - AT....