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![Expenditure towards Interest and Financial/Back charges paid to Financial Institutions are Revenue Expenditure, not taxable: Rajasthan HC [Read Judgment] Expenditure towards Interest and Financial/Back charges paid to Financial Institutions are Revenue Expenditure, not taxable: Rajasthan HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/01/RajasthanHighCourt-Taxscan.jpg)
Expenditure towards Interest and Financial/Back charges paid to Financial Institutions are Revenue Expenditure, not taxable: Rajasthan HC [Read Judgment]
In a significant rulin in CIT v. M/s Modern Threads (I) Ltd., Jaipur, the Rajasthan High Court dismissed the plea of the revenue by holding that the...