https://www.taxtmi.com/caselaws?id=331037 The Tribunal upheld the CIT(Appeals) decision to allow the set-off of unabsorbed depreciation against deemed income and to delete the addition under section 36(1)(iii). The Tribunal emphasized the applicability of legal precedents and the lack of evidence linking borrowed funds to the construction of the building, ultimately dismissing the revenue's appeal on both grounds. en-us Mon, 01 Aug 2016 00:00:00 +0530 Thu, 11 Aug 2016 14:39:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331037 The Tribunal upheld the CIT(Appeals) decision to allow the set-off of unabsorbed depreciation against deemed income and to delete the addition under section 36(1)(iii). The Tribunal emphasized the applicability of legal precedents and the lack of evidence linking borrowed funds to the construction of the building, ultimately dismissing the revenue's appeal on both grounds. Case-Laws Income Tax Mon, 01 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331037