https://www.taxtmi.com/caselaws?id=184686 The Tribunal upheld the CIT(A)'s decision to disallow bank charges as revenue expenditure for charges related to a new hotel project, determining it as a new line of business separate from existing trading activities. The appeal against the disallowance of charges for bounced cheques was rejected due to non-pursuance. The Tribunal based its decision on the distinction between the new project and existing business, supported by relevant case law, ultimately dismissing the appeal and affirming the order on 6th August 2010. en-us Fri, 06 Aug 2010 00:00:00 +0530 Sat, 16 Jul 2016 14:33:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184686 The Tribunal upheld the CIT(A)'s decision to disallow bank charges as revenue expenditure for charges related to a new hotel project, determining it as a new line of business separate from existing trading activities. The appeal against the disallowance of charges for bounced cheques was rejected due to non-pursuance. The Tribunal based its decision on the distinction between the new project and existing business, supported by relevant case law, ultimately dismissing the appeal and affirming the order on 6th August 2010. Case-Laws Income Tax Fri, 06 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184686