2025 (3) TMI 2115

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....r the Respondent : Ms. Harpreet Kaur Hansra, Sr.DR ORDER PER BENCH This appeal filed by the assessee is directed against the order dated 22.03.2023 passed by National Faceless Appeal Centre (in short "NFAC") arising out the order dated 11.03.2021 passed by Assessing Officer for the A.Y. 2018-19. 2. Ground of appeal no. 1 & 2 are general in nature and does not deserves any meritorious a....

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....lowed by the AO. It is the case of the assessee that department has allowed the interest expenditure on impugned loan u/s 143(3) for A.Y. 2014-15, 2015-16 & 2017-18. Copies of the relevant orders were filed by the assessee during the course of hearing. It is the case of the assessee that once the claim of interest has been allowed in earlier years, the same considering principal of consistency can....

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....nt case with the years in which it was allowed. We have noted that nothing has been brought on record by the revenue to allude that facts are distinguished. Consequently, considering that Revenue has allowed the interest expenditure on impugned loan u/s 143(3) for A.Y. 2014-15, 2015-16 & 2017-18 to the assessee as also in respectful compliance to the decision of this tribunal in the case of NS sof....