https://www.taxtmi.com/caselaws?id=243676 The Tribunal partially allowed the appellant's appeal regarding disallowance of interest on outstanding advances and renovation expenses as deferred revenue expenditure. The Tribunal directed the Assessing Officer to readjudicate these issues based on relevant precedents. However, the issue of restriction of depreciation on a car was not seriously contested and was treated as not pressed. Additionally, the Tribunal instructed the Assessing Officer to allow the deduction of consultancy charges based on a High Court decision. The Tribunal set aside previous orders and remanded the matters for reconsideration. en-us Fri, 14 Jun 2013 00:00:00 +0530 Fri, 07 Feb 2014 19:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243676 The Tribunal partially allowed the appellant's appeal regarding disallowance of interest on outstanding advances and renovation expenses as deferred revenue expenditure. The Tribunal directed the Assessing Officer to readjudicate these issues based on relevant precedents. However, the issue of restriction of depreciation on a car was not seriously contested and was treated as not pressed. Additionally, the Tribunal instructed the Assessing Officer to allow the deduction of consultancy charges based on a High Court decision. The Tribunal set aside previous orders and remanded the matters for reconsideration. Case-Laws Income Tax Fri, 14 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243676