IDFC LIMITED,CHENNAI vs. DCIT COMPANY CIRCLE II(3), CHENNAI

In the result, the appeal filed by the assessee in ITA\nNo

section 43B relating to loans and\nadvances from a scheduled bank is also not applicable in the instant\ncase. In the above circumstances, in our considered view, neither\nwas the Assessing Officer justified in disallowing the deduction\nclaimed for the provision made in respect of interest accrued but not\ndue on the deep discount bonds issued by the assessee

DCIT CORPORATE CIRCLE 2(2), CHENNAI vs. IDFC LIMITED, CHENNAI

In the result, the appeal filed by the assessee in ITA