Can financial charges be allowed as business expenditure even though there was no business expediency?


Last updated: 05 September 2021

Court :
ITAT Hyderabad

Brief :
All these appeals filed by the Revenue are directed against separate orders of CIT(A) for the AYs mentioned at Cause title involving proceedings u/s 143(3) of the Income- Tax Act, 1961.

Citation :
ITA Nos. 1745/H/2016 and 1120, 1121 & 1663/H/2017

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