https://www.taxtmi.com/caselaws?id=250774 The ITAT allowed the appeal in part for statistical purposes. The disallowance of expenses was overturned as complete details were provided. The attribution of estimated interest towards work in progress was partially upheld, with a direction to re-examine a portion of the interest. The disallowance of the sales tax deferred claim was remanded for fresh consideration based on the revised computation. The treatment of interest income was decided in favor of the assessee, directing the AO to classify it as business income. en-us Wed, 20 Aug 2014 00:00:00 +0530 Mon, 25 Aug 2014 08:59:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250774 The ITAT allowed the appeal in part for statistical purposes. The disallowance of expenses was overturned as complete details were provided. The attribution of estimated interest towards work in progress was partially upheld, with a direction to re-examine a portion of the interest. The disallowance of the sales tax deferred claim was remanded for fresh consideration based on the revised computation. The treatment of interest income was decided in favor of the assessee, directing the AO to classify it as business income. Case-Laws Income Tax Wed, 20 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250774