https://www.taxtmi.com/caselaws?id=264295 The High Court dismissed the appeal, with the issue of deduction under section 80P(2)(a)(iii) not arising as the claim was not raised by the assessee. The denial of deduction on interest on sticky loans was upheld against the assessee, as the expenditure was considered capital expenditure. The classification of expenditure on repair and maintenance as capital expenditure was also decided against the assessee. The High Court ruled in favor of the revenue authorities on all issues raised in the appeal. en-us Tue, 25 Aug 2015 00:00:00 +0530 Mon, 21 Sep 2015 18:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264295 The High Court dismissed the appeal, with the issue of deduction under section 80P(2)(a)(iii) not arising as the claim was not raised by the assessee. The denial of deduction on interest on sticky loans was upheld against the assessee, as the expenditure was considered capital expenditure. The classification of expenditure on repair and maintenance as capital expenditure was also decided against the assessee. The High Court ruled in favor of the revenue authorities on all issues raised in the appeal. Case-Laws Income Tax Tue, 25 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264295