https://www.taxtmi.com/caselaws?id=62910 The Tribunal partly allowed the appeal, disagreeing with the lower authorities' decision to capitalize the interest amount under Explanation 8 to section 43(1). The judgment emphasized the importance of statutory interpretation, legislative intent, and judicial precedents in resolving issues related to the treatment of interest paid on borrowed funds for business expenditures and actual cost calculations for assets. en-us Thu, 30 Nov 1995 00:00:00 +0530 Sat, 22 Jan 2011 15:12:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62910 The Tribunal partly allowed the appeal, disagreeing with the lower authorities' decision to capitalize the interest amount under Explanation 8 to section 43(1). The judgment emphasized the importance of statutory interpretation, legislative intent, and judicial precedents in resolving issues related to the treatment of interest paid on borrowed funds for business expenditures and actual cost calculations for assets. Case-Laws Income Tax Thu, 30 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62910