https://www.taxtmi.com/caselaws?id=336222 The Tribunal partially allowed the appeal, dismissing the first ground of disallowance of advance site expenses due to lack of documentary evidence, partially allowing the second ground of disallowance of interest expense by directing a recalculation based on a lower interest rate, and fully allowing the third ground of disallowance of interest expenditure for constructing a factory building by applying the interest rate of unsecured loans. The validity of the Commissioner's order was challenged but not substantiated further in the judgment. en-us Thu, 15 Dec 2016 00:00:00 +0530 Sat, 17 Dec 2016 18:34:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336222 The Tribunal partially allowed the appeal, dismissing the first ground of disallowance of advance site expenses due to lack of documentary evidence, partially allowing the second ground of disallowance of interest expense by directing a recalculation based on a lower interest rate, and fully allowing the third ground of disallowance of interest expenditure for constructing a factory building by applying the interest rate of unsecured loans. The validity of the Commissioner's order was challenged but not substantiated further in the judgment. Case-Laws Income Tax Thu, 15 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336222