https://www.taxtmi.com/caselaws?id=179372 The Tribunal partly allowed the assessee's appeals, restoring certain disallowed claims such as rural development expenses, depreciation on rollover charges, and expenditure under Section 40A(9) to the Assessing Officer for verification. The Tribunal upheld the disallowance of interest under Section 244A but directed future adjustments to be made under Section 154. Other issues not pressed by the assessee were dismissed. The Tribunal also admitted additional grounds related to sales tax exemption and expenditure on assets not owned, remanding them to the AO for further examination. The disallowance of interest expenses under Section 36(1)(iii) was overturned in favor of the assessee. en-us Fri, 12 Aug 2011 00:00:00 +0530 Tue, 25 Apr 2023 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179372 The Tribunal partly allowed the assessee's appeals, restoring certain disallowed claims such as rural development expenses, depreciation on rollover charges, and expenditure under Section 40A(9) to the Assessing Officer for verification. The Tribunal upheld the disallowance of interest under Section 244A but directed future adjustments to be made under Section 154. Other issues not pressed by the assessee were dismissed. The Tribunal also admitted additional grounds related to sales tax exemption and expenditure on assets not owned, remanding them to the AO for further examination. The disallowance of interest expenses under Section 36(1)(iii) was overturned in favor of the assessee. Case-Laws Income Tax Fri, 12 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179372