https://www.taxtmi.com/caselaws?id=65843 The ITAT set aside the lower authorities' orders regarding the computation of interest income on maturity of FDRs, instructing the AO to determine the actual interest rate offered by the bank and include it on an accrual basis. The ITAT upheld the CIT(A)'s decision to delete expenses incurred on the approach road and klin chimney, as they were not capital in nature but related to generating income from the brick business. As a result, the Department's appeal was partially allowed. en-us Mon, 29 Oct 2001 00:00:00 +0530 Thu, 21 Jun 2012 18:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65843 The ITAT set aside the lower authorities' orders regarding the computation of interest income on maturity of FDRs, instructing the AO to determine the actual interest rate offered by the bank and include it on an accrual basis. The ITAT upheld the CIT(A)'s decision to delete expenses incurred on the approach road and klin chimney, as they were not capital in nature but related to generating income from the brick business. As a result, the Department's appeal was partially allowed. Case-Laws Income Tax Mon, 29 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65843