https://www.taxtmi.com/caselaws?id=63637 The Tribunal allowed the deduction for expenditure related to swapping foreign currency funds, following a previous order. The revenue's appeal against the deletion of bond issue expenses was dismissed, allowing them as revenue expenditure. The Tribunal directed the reassessment of interest charged under sections 234B and 234C. The reopening of assessment under section 147 for the assessment year 1995-96 was upheld. Deduction claims under sections 36(1)(viii), 36(1)(vii), 36(1)(viia), and 35D were disallowed. Loss claims under "Investment Written Off" were also disallowed. The issue of lease rent disallowance was sent back to the Assessing Officer for reconsideration. en-us Fri, 24 Feb 2006 00:00:00 +0530 Tue, 01 Feb 2011 11:44:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63637 The Tribunal allowed the deduction for expenditure related to swapping foreign currency funds, following a previous order. The revenue's appeal against the deletion of bond issue expenses was dismissed, allowing them as revenue expenditure. The Tribunal directed the reassessment of interest charged under sections 234B and 234C. The reopening of assessment under section 147 for the assessment year 1995-96 was upheld. Deduction claims under sections 36(1)(viii), 36(1)(vii), 36(1)(viia), and 35D were disallowed. Loss claims under "Investment Written Off" were also disallowed. The issue of lease rent disallowance was sent back to the Assessing Officer for reconsideration. Case-Laws Income Tax Fri, 24 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63637