https://www.taxtmi.com/caselaws?id=118526 The Tribunal allowed the appeal, directing the loan procurement expenses to be treated as revenue expenditure, not capital expenditure. It also instructed the reduction of book profit by Rs. 2,35,000 for section 115JA computation, rejecting the addition of expenses not covered by the Explanation. The Tribunal's decision was based on relevant Supreme Court judgments and statutory provisions. en-us Fri, 30 Dec 2005 00:00:00 +0530 Mon, 02 Jul 2012 18:23:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118526 The Tribunal allowed the appeal, directing the loan procurement expenses to be treated as revenue expenditure, not capital expenditure. It also instructed the reduction of book profit by Rs. 2,35,000 for section 115JA computation, rejecting the addition of expenses not covered by the Explanation. The Tribunal's decision was based on relevant Supreme Court judgments and statutory provisions. Case-Laws Income Tax Fri, 30 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118526