https://www.taxtmi.com/caselaws?id=185843 The Tribunal partially allowed the Revenue's appeals in ITA No.1173 & 1174/H/2009 and dismissed the appeal in ITA No.1175/H/2009. The decision was based on the interpretation of legislative provisions under section 145A of the IT Act, treatment of interest on loans to a sister concern, adjustment for diminution in the value of investments for computing book profits under section 115JB, and the classification of revenue expenditure. The Tribunal upheld the CIT(A)'s decision on excise duty treatment, allowed the Revenue's appeal on interest on loans, directed an adjustment for diminution in investment value, and permitted certain revenue expenditure claims. en-us Mon, 31 Jan 2011 00:00:00 +0530 Tue, 30 Aug 2016 12:30:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185843 The Tribunal partially allowed the Revenue's appeals in ITA No.1173 & 1174/H/2009 and dismissed the appeal in ITA No.1175/H/2009. The decision was based on the interpretation of legislative provisions under section 145A of the IT Act, treatment of interest on loans to a sister concern, adjustment for diminution in the value of investments for computing book profits under section 115JB, and the classification of revenue expenditure. The Tribunal upheld the CIT(A)'s decision on excise duty treatment, allowed the Revenue's appeal on interest on loans, directed an adjustment for diminution in investment value, and permitted certain revenue expenditure claims. Case-Laws Income Tax Mon, 31 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185843