https://www.taxtmi.com/caselaws?id=336543 The ITAT allowed the assessee's appeal, classifying interest income as related to business setup and permitting its set off against pre-operative expenses. The decision emphasized the nexus between funds, business activities, and income classification, aligning with established legal principles and precedents. en-us Wed, 21 Dec 2016 00:00:00 +0530 Fri, 23 Dec 2016 11:16:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336543 The ITAT allowed the assessee's appeal, classifying interest income as related to business setup and permitting its set off against pre-operative expenses. The decision emphasized the nexus between funds, business activities, and income classification, aligning with established legal principles and precedents. Case-Laws Income Tax Wed, 21 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336543