M/S NITESH vs. THE DEPUTY COMMISSIONER
In the result, the following:
ITA/210/2017HC Karnataka02 Aug 2022
Bench: P.S.DINESH KUMAR,M G UMA
Section 143(1)Section 234ASection 260
disallowance of Rs.28,83,17,552/-
being deduction claimed on interest/redemption
premium
on
debentures
on
the
facts
and
circumstances of the case.
ii) Whether the Tribunal was justified in law in holding
that the liability to pay interest/redemption premium
of Rs.28,83,17,552/- has not crystallized during the
year and consequently passed a perverse order on
the facts
