Case Law Details
Case Name : ICICI Bank Limited Vs ACIT (ITAT Mumbai)
Appeal Number : ITA No. 3215/Mum/2019
Date of Judgement/Order : 22/08/2022
Related Assessment Year : 2010-11
Courts :
All ITAT ITAT Mumbai
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
ICICI Bank Limited Vs ACIT (ITAT Mumbai)
ITAT Mumbai held that mere RBI recognition of debt instrument as additional tier/ capital doesn’t change the nature of perpetual debt instrument. Hence, interest expenses on perpetual bonds, allowable as deduction under Section 36(1)(iii
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
Author Bio
