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2016 (10) TMI 989 - AT - Income Tax
Disallowance made by the Assessing Officer out of prepayment charges made to NHB(National Housing Bank) - NCD(non-convertible debenture) expenses - Held that:- The issue raised in these two assessment years with regard to NHB prepayment charges is the similar issue that we already dealt with while dealing the issue of NCD expenses, where following the decision of Hon’ble Supreme Court in Taparia Tools Ltd (2015 (3) TMI 853 - SUPREME COURT ), we held that assessee is entitled to the entire deduction of NCD expenditure.