https://www.taxtmi.com/caselaws?id=256001 The ITAT directed the Assessing Officer to re-examine the accrual of interest receivable from GSIL to determine if the interest had already been accounted for in previous years. The ITAT also instructed a re-examination of the nature of the expenditure item-wise regarding the disallowance of consumption of stores and spares as capital expenditure. Additionally, the ITAT set aside the issue of disallowance of depreciation on assets leased to Western Railways for fresh examination in light of a Special Bench decision. The ITAT allowed the appellant's appeal on the disallowance of advances written off, interest claimed under section 36(1)(iii), expenses incurred in protecting assets of a subsidiary, addition made under section 14A, and disallowance under section 40(a)(ia) for non-deduction of TDS. en-us Fri, 14 Sep 2012 00:00:00 +0530 Mon, 02 Feb 2015 08:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256001 The ITAT directed the Assessing Officer to re-examine the accrual of interest receivable from GSIL to determine if the interest had already been accounted for in previous years. The ITAT also instructed a re-examination of the nature of the expenditure item-wise regarding the disallowance of consumption of stores and spares as capital expenditure. Additionally, the ITAT set aside the issue of disallowance of depreciation on assets leased to Western Railways for fresh examination in light of a Special Bench decision. The ITAT allowed the appellant's appeal on the disallowance of advances written off, interest claimed under section 36(1)(iii), expenses incurred in protecting assets of a subsidiary, addition made under section 14A, and disallowance under section 40(a)(ia) for non-deduction of TDS. Case-Laws Income Tax Fri, 14 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256001