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2016 (10) TMI 628 - HC - Income TaxAllowability of amount of interest and financial charges under Section 36(i)(iii) - Whether on the facts and in the circumstances of the case, the Tribunal was justified in holding that amount of interest and financial charges is allowable under Section 36(i)(iii) of the Act ? - Held that:- Question is covered by judgment of Commissioner of Income Tax, Moradabad and another Vs. M/s Radico Khaitan Ltd., Bareilly Road, Rampur [2015 (9) TMI 1479 - ALLAHABAD HIGH COURT] wherein it has been held that Department cannot be permitted to question issues which were accepted by it in the previous years and stood answerd in favour of Assessee against Department by relying on the decision in DCIT Vs. Core Health Ltd.,(2008 (2) TMI 8 - SUPREME COURT OF INDIA ).
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