https://www.taxtmi.com/caselaws?id=239101 The Tribunal partly allowed the appeals, remanding various issues for re-examination by the Assessing Officer. It stressed the importance of thorough factual analysis and compliance with judicial precedents in determining the nature and permissibility of expenses. The Tribunal directed the AO to reconsider aspects such as the disallowance of revenue expenditure in capital work-in-progress, interest levy under a retrospective amendment, leave encashment disallowance, interest payment on external commercial borrowings, depreciation on plant and machinery, and disallowance under section 14A for exempted dividend income. en-us Fri, 27 Sep 2013 00:00:00 +0530 Wed, 06 Nov 2013 10:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239101 The Tribunal partly allowed the appeals, remanding various issues for re-examination by the Assessing Officer. It stressed the importance of thorough factual analysis and compliance with judicial precedents in determining the nature and permissibility of expenses. The Tribunal directed the AO to reconsider aspects such as the disallowance of revenue expenditure in capital work-in-progress, interest levy under a retrospective amendment, leave encashment disallowance, interest payment on external commercial borrowings, depreciation on plant and machinery, and disallowance under section 14A for exempted dividend income. Case-Laws Income Tax Fri, 27 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239101