https://www.taxtmi.com/caselaws?id=118869 The appeal was partly allowed. The expenses for the mutation of property and pagers were treated as revenue expenditure. The income of Rs. 2,79,32,903 was determined to belong to Wimco Ltd., not the assessee, and the direction to assess it in the assessment year 1997-98 was left to the AO's discretion. The set-off of unabsorbed loss was to be considered if the income was assessed in 1997-98. The levy of interest under section 234B was to be adjusted accordingly. en-us Tue, 30 Aug 2005 00:00:00 +0530 Fri, 06 Jul 2012 13:30:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118869 The appeal was partly allowed. The expenses for the mutation of property and pagers were treated as revenue expenditure. The income of Rs. 2,79,32,903 was determined to belong to Wimco Ltd., not the assessee, and the direction to assess it in the assessment year 1997-98 was left to the AO's discretion. The set-off of unabsorbed loss was to be considered if the income was assessed in 1997-98. The levy of interest under section 234B was to be adjusted accordingly. Case-Laws Income Tax Tue, 30 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118869