https://www.taxtmi.com/caselaws?id=256326 The tribunal upheld the decisions of the lower authorities in all three issues presented. It dismissed the Revenue's appeal regarding the disallowance of expenses related to investments made with interest-bearing funds, deletion of deferred revenue expenditure, and disallowance of interest on loans given to staff. The court emphasized the factual nature of determining fund utilization and found no substantial legal question, aligning with previous rulings and emphasizing the burden of proof on the Assessing Officer. en-us Tue, 27 Jan 2015 00:00:00 +0530 Tue, 10 Feb 2015 06:44:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256326 The tribunal upheld the decisions of the lower authorities in all three issues presented. It dismissed the Revenue's appeal regarding the disallowance of expenses related to investments made with interest-bearing funds, deletion of deferred revenue expenditure, and disallowance of interest on loans given to staff. The court emphasized the factual nature of determining fund utilization and found no substantial legal question, aligning with previous rulings and emphasizing the burden of proof on the Assessing Officer. Case-Laws Income Tax Tue, 27 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256326