Disallowance u/s 43B - deduction of certain expenditure only ...

Interest Paid to HDFC Bank Not Disallowed u/s 43B of Income Tax Act; Not a Public Financial Institution.

August 2, 2018

Case Laws Income Tax AT

Disallowance u/s 43B - deduction of certain expenditure only after actual payments - With regard to interest paid to HDFC Bank, in our view, HDFC Bank is not public financial institution. It is only private sector Bank. Interest paid to HDFC is outside the purview of section 43B.

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Disallowance u/s 43B - deduction of certain expenditure only ...

Interest Paid to HDFC Bank Not Disallowed u/s 43B of Income Tax Act; Not a Public Financial Institution.

August 2, 2018

Case Laws Income Tax AT

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