DEPUTY COMMISSIONER OF INCOME TAX, MUMBAI vs. MAHINDRA AND MAHINDRA FINANCIAL SERVICES LIMITED, MUMBAI
In the result, the appeal is dismissed
ITA 6005/MUM/2025[2017-18]Status: DisposedITAT Mumbai06 Jan 2026AY 2017-18
Bench: Shri Sandeep Gosain & Shri Bijayananda Prusethdeputy Commissioner Of Vs. Mahindra & Mahindra Financial Income Tax R. No. 126, Services Limited Mahindra Towers, 4Th Floor, 570 P.B. Marg, Aayakar Bhawan, Maharhi Karve Marg, Worli, Mumbai-400020. Mumbai-400018. Pan/Gir No: Aaacm2931R (Appellant) (Respondent)
Section 143(3)Section 250Section 37Section 37(1)Section 68
…n for which the amount was borrowed. The case of the assessee is even otherwise ITA No.6005/MUM/2025/AY 2017-18 Mahindra and Mahindra Financial Services Limited covered by the dedcision of the Tribunal in ACIT vs Tata Housing Developing Company Ltd. (2011) 45 SOT 9. The gist of which has been reproduced at page 15 of the impugned order. The details filed by the assessee clearly shows that the expenditure was incurred during the year and this fact has not been disputed by the Assessing Officer. In the past, identical claim was allowed as revenue expenditure by the Department, thus, without bringing any contrary…
