https://www.taxtmi.com/caselaws?id=182281 Interest expenditure under section 36(1)(iii) was allowed by the Tribunal on the basis of its earlier decision in the assessee's own case, in the context of project completion accounting and treatment of expenditure as work-in-progress. The High Court noted that revenue's appeals on the same issue for earlier assessment years had already been dismissed, and therefore found no reason to entertain the revenue's legal challenge to the Tribunal's view. The appeal for assessment year 2000-01 was dismissed, leaving the Tribunal's allowance of the interest claim undisturbed. en-us Tue, 29 Jan 2013 00:00:00 +0530 Fri, 06 May 2016 15:43:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182281 Interest expenditure under section 36(1)(iii) was allowed by the Tribunal on the basis of its earlier decision in the assessee's own case, in the context of project completion accounting and treatment of expenditure as work-in-progress. The High Court noted that revenue's appeals on the same issue for earlier assessment years had already been dismissed, and therefore found no reason to entertain the revenue's legal challenge to the Tribunal's view. The appeal for assessment year 2000-01 was dismissed, leaving the Tribunal's allowance of the interest claim undisturbed. Case-Laws Income Tax Tue, 29 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182281