https://www.taxtmi.com/caselaws?id=234395 The Tribunal partly allowed the assessee's appeal, directing the AO to delete the disallowed amount of revenue expenses based on the rational allocation method used by the assessee. The Tribunal upheld the taxability of interest income during the preoperative period, disallowing prior period expenses pending further examination by the AO, and restoring the treatment of Entertainment Duty Subsidy issue for review. The Tribunal supported the assessee's claim for proportionate depreciation and rejected the disallowance of repairs and maintenance expenses. The Revenue's appeal was dismissed, emphasizing proper examination of expenses and adherence to the concept of block assets. en-us Tue, 26 Mar 2013 00:00:00 +0530 Wed, 16 Mar 2016 15:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234395 The Tribunal partly allowed the assessee's appeal, directing the AO to delete the disallowed amount of revenue expenses based on the rational allocation method used by the assessee. The Tribunal upheld the taxability of interest income during the preoperative period, disallowing prior period expenses pending further examination by the AO, and restoring the treatment of Entertainment Duty Subsidy issue for review. The Tribunal supported the assessee's claim for proportionate depreciation and rejected the disallowance of repairs and maintenance expenses. The Revenue's appeal was dismissed, emphasizing proper examination of expenses and adherence to the concept of block assets. Case-Laws Income Tax Tue, 26 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234395