https://www.taxtmi.com/caselaws?id=188979 The Tribunal upheld the CIT(A)'s decision to allow deductions for interest and upfront fees claimed by the assessee for setting up a new unit, considering it as an expansion of the existing business. The Tribunal found that the new unit was not a separate business but part of the existing one, based on common management, control, and funds. The court directed the matter to be heard by a Larger Bench due to conflicting judgments on similar issues in previous cases. en-us Thu, 17 Aug 2006 00:00:00 +0530 Thu, 22 Dec 2016 14:34:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188979 The Tribunal upheld the CIT(A)'s decision to allow deductions for interest and upfront fees claimed by the assessee for setting up a new unit, considering it as an expansion of the existing business. The Tribunal found that the new unit was not a separate business but part of the existing one, based on common management, control, and funds. The court directed the matter to be heard by a Larger Bench due to conflicting judgments on similar issues in previous cases. Case-Laws Income Tax Thu, 17 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188979