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Interest Expenses Cannot Be Disallowed in Current Year If Genuineness Is Accepted in Previous Years: ITAT
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Interest Expenses Cannot Be Disallowed in Current Year If Genuineness Is Accepted in Previous Years: ITAT
Interest Expenses Cannot Be Disallowed in Current Year If Genuineness Is Accepted in Previous Years: ITAT The Income Tax Appellate Tribunal (ITAT), Delhi, has ruled that if the assessing officer has accepted the genuineness of the interest expense transaction in the previous year, the same cannot be disallowed for the current year. The assessee filed […]
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