https://www.taxtmi.com/caselaws?id=234197 The Tribunal remanded the case to the Assessing Officer for reevaluation of the addition of Rs. 100,000,000 related to the OTS payment under the Interest subvention scheme due to lack of initial scheme details. The Tribunal upheld the disallowance of Rs. 3,000,000 as capital expenditure, affirming its capital nature for retaining land value. The appeal was partially allowed for statistical purposes, emphasizing legal principles over accounting entries. en-us Fri, 17 May 2013 00:00:00 +0530 Sat, 01 Jun 2013 05:19:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234197 The Tribunal remanded the case to the Assessing Officer for reevaluation of the addition of Rs. 100,000,000 related to the OTS payment under the Interest subvention scheme due to lack of initial scheme details. The Tribunal upheld the disallowance of Rs. 3,000,000 as capital expenditure, affirming its capital nature for retaining land value. The appeal was partially allowed for statistical purposes, emphasizing legal principles over accounting entries. Case-Laws Income Tax Fri, 17 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234197