https://www.taxtmi.com/caselaws?id=329659 The Tribunal ruled against the assessee for failing to timely file objections related to compliance with Section 147 of the Income-tax Act. However, the Tribunal allowed the claim for interest expenditure on share application money, treating it as revenue expenditure. The appeals for multiple assessment years were decided in favor of the assessee on this issue. en-us Fri, 20 May 2016 00:00:00 +0530 Fri, 08 Jul 2016 11:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329659 The Tribunal ruled against the assessee for failing to timely file objections related to compliance with Section 147 of the Income-tax Act. However, the Tribunal allowed the claim for interest expenditure on share application money, treating it as revenue expenditure. The appeals for multiple assessment years were decided in favor of the assessee on this issue. Case-Laws Income Tax Fri, 20 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329659