ITAT confirms curiosity expense on perpetual bonds allowable as deduction beneath part 36(1)(iii)

By Kalyani B Slender , September 30, 2022 at 11:17 am The Revenue Tax Appellate Tribunal (ITAT), Mumbai Bench dominated that curiosity expense on perpetual bonds is allowable as deduction beneath part 36(1) (iii) of the Revenue Tax Act, 1961, thereby offering reduction to ICICI Financial institution. In the course of the course of evaluation, … Read more

ITAT confirms curiosity expense on perpetual bonds allowable as deduction below part 36(1)(iii)

By Kalyani B Slim , 30 September 2022 at 11:17 am The Revenue Tax Appellate Tribunal (ITAT), Mumbai Bench dominated that curiosity expense on perpetual bonds is allowable as deduction below part 36(1) (iii) of the Revenue Tax Act, 1961, thereby offering reduction to ICICI Financial institution. Throughout the course of evaluation, the AO additionally … Read more