https://www.taxtmi.com/caselaws?id=261598 The tribunal upheld the Assessing Officer's treatment of vyaj badla income as interest income instead of short-term capital gains. The tribunal also confirmed various decisions related to charging of interest, depreciation disallowance, deduction on exchange rate difference and interest on debtors, exclusion of sales tax and excise duty for deduction calculation, nature of sales tax subsidy, disallowance of depreciation on wooden structures and expenditure on certain projects, and allowed depreciation on assets used during project construction. The outcome resulted in the dismissal of several appeals by the assessee and the revenue, with one appeal partially allowed. en-us Tue, 30 Jun 2015 00:00:00 +0530 Wed, 15 Jul 2015 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261598 The tribunal upheld the Assessing Officer's treatment of vyaj badla income as interest income instead of short-term capital gains. The tribunal also confirmed various decisions related to charging of interest, depreciation disallowance, deduction on exchange rate difference and interest on debtors, exclusion of sales tax and excise duty for deduction calculation, nature of sales tax subsidy, disallowance of depreciation on wooden structures and expenditure on certain projects, and allowed depreciation on assets used during project construction. The outcome resulted in the dismissal of several appeals by the assessee and the revenue, with one appeal partially allowed. Case-Laws Income Tax Tue, 30 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261598