https://www.taxtmi.com/caselaws?id=183061 The Appellate Tribunal ITAT Chandigarh dismissed the Revenue's appeals against the CIT(A)'s orders for assessment years 2005-06 and 2006-07. The Tribunal upheld the CIT(A)'s decision to delete the disallowance of interest on investment in capital work-in-progress, stating that no borrowed funds were used for the investment. Additionally, the Tribunal directed the Assessing Officer to allow the claim of the assessee regarding ESI & PF contributions, following precedents and the decision of the Hon'ble Punjab & Haryana High Court. en-us Tue, 30 Nov 2010 00:00:00 +0530 Fri, 27 May 2016 10:53:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183061 The Appellate Tribunal ITAT Chandigarh dismissed the Revenue's appeals against the CIT(A)'s orders for assessment years 2005-06 and 2006-07. The Tribunal upheld the CIT(A)'s decision to delete the disallowance of interest on investment in capital work-in-progress, stating that no borrowed funds were used for the investment. Additionally, the Tribunal directed the Assessing Officer to allow the claim of the assessee regarding ESI & PF contributions, following precedents and the decision of the Hon'ble Punjab & Haryana High Court. Case-Laws Income Tax Tue, 30 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183061