https://www.taxtmi.com/caselaws?id=242072 The appeals were partly allowed for statistical purposes. The Tribunal upheld disallowances of depreciation claims, treatment of interest income, and addition of disallowed expenses to book profits under relevant sections. The Tribunal directed a fresh adjudication on the set-off of interest expenses against interest income, emphasizing the need to establish a direct nexus for such set-off to be allowed. en-us Thu, 02 Jan 2014 00:00:00 +0530 Tue, 07 Jan 2014 09:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242072 The appeals were partly allowed for statistical purposes. The Tribunal upheld disallowances of depreciation claims, treatment of interest income, and addition of disallowed expenses to book profits under relevant sections. The Tribunal directed a fresh adjudication on the set-off of interest expenses against interest income, emphasizing the need to establish a direct nexus for such set-off to be allowed. Case-Laws Income Tax Thu, 02 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242072