TMF HOLDINGS LTD,MUMBAI vs. ACIT CIRCLE 1(3)(2), MUMBAI
In the result, the grounds raised by the assessee are allowed
ITA 2031/MUM/2024[2015-16]Status: DisposedITAT Mumbai03 Oct 2024AY 2015-16
Bench: SHRI AMIT SHUKLA (Judicial Member), SHRI GAGAN GOYAL (Accountant Member)
Section 143(3)Section 234DSection 36(1)Section 36(1)(iii)Section 43B
event and did not have a maturity date, such instrument is more akin to an equity instrument.
Coming back to the provisions of section 36(1)(H) of the Act. which provides for allowance of the amount of the interest paid in respect of capital burrowed, it is well settled
