https://www.taxtmi.com/caselaws?id=249829 The Tribunal partially allowed the Revenue's appeal, remitting the disallowance of interest payment issue back to the AO for further examination. However, the Tribunal upheld the decisions in favor of the assessee regarding the disallowance of notional interest on advance and deferred revenue expenditure, emphasizing the need for factual verification and taxation of real income over notional income. en-us Thu, 17 Jul 2014 00:00:00 +0530 Fri, 25 Jul 2014 14:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249829 The Tribunal partially allowed the Revenue's appeal, remitting the disallowance of interest payment issue back to the AO for further examination. However, the Tribunal upheld the decisions in favor of the assessee regarding the disallowance of notional interest on advance and deferred revenue expenditure, emphasizing the need for factual verification and taxation of real income over notional income. Case-Laws Income Tax Thu, 17 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249829