https://www.taxtmi.com/caselaws?id=119324 The Tribunal held that the expenditure incurred for setting up the sugar manufacturing unit was revenue expenditure and allowed a deduction under section 36(1)(iii) of the Income-tax Act. The Tribunal found unity of control and interdependence between the ferro-alloys and sugar manufacturing units, considering them part of the same business. However, the matter was remanded to the Assessing Officer for further examination of other expenditures. Regarding the depreciation claim on certain assets, the Tribunal upheld the CIT(A)'s decision to allow the claim, noting the genuineness of the transaction and supporting evidence provided by the assessee. en-us Fri, 27 Jul 2007 00:00:00 +0530 Tue, 10 Jul 2012 13:31:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119324 The Tribunal held that the expenditure incurred for setting up the sugar manufacturing unit was revenue expenditure and allowed a deduction under section 36(1)(iii) of the Income-tax Act. The Tribunal found unity of control and interdependence between the ferro-alloys and sugar manufacturing units, considering them part of the same business. However, the matter was remanded to the Assessing Officer for further examination of other expenditures. Regarding the depreciation claim on certain assets, the Tribunal upheld the CIT(A)'s decision to allow the claim, noting the genuineness of the transaction and supporting evidence provided by the assessee. Case-Laws Income Tax Fri, 27 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119324