Front end fees paid to bank for new loan is revenue in nature, can be amortized – High Court
April 23, 2019
High Courts, Income Tax
Front end fees paid to bank for obtaining new loan is revenue expenditure by nature and the assessee is entitled to amortize it – High Court ABCAUS Case Law Citation: ABCAUS 2889 (2019) (04) HC Important Case Laws Cited/relied upon by the parties Madras Industrial Investment Corporation Ltd. …