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2018 (5) TMI 1430 - AT - Income TaxStay on the disputed demand - disallowance of interest expenditure - due to subsequent amendment made by the state government to the scheme of trifurcation of Maharashtra State Electricity Board, the loan liability corresponding to the impugned disallowance of interest has been taken over by the State Government from the assessee with retrospective effect - thus claim for deduction of interest expenditure while calculating the final taxable income was removed - Held that:- since the assessee has made significant payments out of the total outstanding demand - stay on the recovery of outstanding demand shall operate for a period of six months - decided in favor of assessee
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