https://www.taxtmi.com/caselaws?id=179435 The Tribunal partially allowed the revenue's appeal by disallowing the deduction for rent and depreciation related to the guest house expenses. However, it upheld the CIT(A)'s decisions on other issues, including the allowability of expenditure for the HRC plant before commercial production, loss below the ground level of the stockyard, lease expenses after a change in accounting policy, premium paid on debenture redemption, and compensation paid to tenants for vacating premises. The Tribunal emphasized business integration, actual liability, and reasonable business loss claims in its rulings. en-us Fri, 11 Mar 2011 00:00:00 +0530 Tue, 01 Mar 2016 17:34:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179435 The Tribunal partially allowed the revenue's appeal by disallowing the deduction for rent and depreciation related to the guest house expenses. However, it upheld the CIT(A)'s decisions on other issues, including the allowability of expenditure for the HRC plant before commercial production, loss below the ground level of the stockyard, lease expenses after a change in accounting policy, premium paid on debenture redemption, and compensation paid to tenants for vacating premises. The Tribunal emphasized business integration, actual liability, and reasonable business loss claims in its rulings. Case-Laws Income Tax Fri, 11 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179435