https://www.taxtmi.com/caselaws?id=207179 The ITAT partially allowed the appeal, deleting the disallowance of interest expenses while confirming the disallowance of additional depreciation claimed by the appellant. The disallowance of additional depreciation was upheld due to the appellant's failure to prove an increase in installed capacity as required by law. However, the disallowance of interest expenses was overturned as there was no evidence of a nexus between borrowed funds and investments in shares, following a previous tribunal order in favor of the assessee. en-us Fri, 25 Feb 2011 00:00:00 +0530 Wed, 23 Nov 2011 11:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207179 The ITAT partially allowed the appeal, deleting the disallowance of interest expenses while confirming the disallowance of additional depreciation claimed by the appellant. The disallowance of additional depreciation was upheld due to the appellant's failure to prove an increase in installed capacity as required by law. However, the disallowance of interest expenses was overturned as there was no evidence of a nexus between borrowed funds and investments in shares, following a previous tribunal order in favor of the assessee. Case-Laws Income Tax Fri, 25 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207179