https://www.taxtmi.com/caselaws?id=62392 The Tribunal allowed the assessee's appeal regarding the expenditure on the railway siding, deeming it as revenue expenditure. Additionally, the Tribunal upheld the CIT(A)'s decision, permitting the interest deduction under section 36(1)(iii) for the interest paid on borrowed capital. en-us Wed, 28 Apr 2004 00:00:00 +0530 Wed, 19 Jan 2011 16:52:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62392 The Tribunal allowed the assessee's appeal regarding the expenditure on the railway siding, deeming it as revenue expenditure. Additionally, the Tribunal upheld the CIT(A)'s decision, permitting the interest deduction under section 36(1)(iii) for the interest paid on borrowed capital. Case-Laws Income Tax Wed, 28 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62392