https://www.taxtmi.com/caselaws?id=336602 The Tribunal upheld the Commissioner of Income Tax (Appeals) decisions on all three issues, dismissing the Revenue's appeal. It ruled that the interest income earned during the pre-operative period should be set off against related expenses if linked to the business setup. Additionally, it held that Section 14A disallowance does not apply to investments yielding taxable capital gains. en-us Fri, 09 Sep 2016 00:00:00 +0530 Sun, 25 Dec 2016 19:31:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336602 The Tribunal upheld the Commissioner of Income Tax (Appeals) decisions on all three issues, dismissing the Revenue's appeal. It ruled that the interest income earned during the pre-operative period should be set off against related expenses if linked to the business setup. Additionally, it held that Section 14A disallowance does not apply to investments yielding taxable capital gains. Case-Laws Income Tax Fri, 09 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336602