Case Law Details
Case Name : CAE Flight Training (India) Pvt. Ltd. Vs DCIT (ITAT Bangalore)
Appeal Number : IT(TP)A No. 520/Bang/2022
Date of Judgement/Order : 02/08/2022
Related Assessment Year : 2016-17
Courts :
All ITAT ITAT Bangalore
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CAE Flight Training (India) Pvt. Ltd. Vs DCIT (ITAT Bangalore)
Held that interest paid on convertible debentures are allowable as expenditure u/s. 36(1)(iii) of the Act. Such interest cannot be treated as interest on equity.
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