https://www.taxtmi.com/caselaws?id=255866 The ITAT set aside the disallowance of interest expenses and remanded the matter for fresh consideration. It allowed the set-off of capital loss against capital gains, granted deduction under Section 80IA, directed the grant of TDS credit, and instructed on the levy of interest under Sections 234B and 234D. The Revenue's appeals against the deletion of interest expenditure disallowance were dismissed. The ITAT's decision favored the assessee, directing the Assessing Officer to re-examine certain issues while upholding the deletion of disallowance of interest expenditure. en-us Thu, 22 Jan 2015 00:00:00 +0530 Thu, 29 Jan 2015 07:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255866 The ITAT set aside the disallowance of interest expenses and remanded the matter for fresh consideration. It allowed the set-off of capital loss against capital gains, granted deduction under Section 80IA, directed the grant of TDS credit, and instructed on the levy of interest under Sections 234B and 234D. The Revenue's appeals against the deletion of interest expenditure disallowance were dismissed. The ITAT's decision favored the assessee, directing the Assessing Officer to re-examine certain issues while upholding the deletion of disallowance of interest expenditure. Case-Laws Income Tax Thu, 22 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255866