https://www.taxtmi.com/caselaws?id=337105 The Tribunal partly allowed the appeal. It considered the unrecovered amount of ? 2,93,611 as a business loss under Section 28, allowing the bad debts claim. However, it upheld the disallowance of interest on loan and pre-payment charges amounting to ? 16,64,716 and ? 3,12,107 respectively, as revenue expenditures due to insufficient evidence showing the hotel was ready for use. en-us Thu, 15 Dec 2016 00:00:00 +0530 Tue, 03 Jan 2017 12:17:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337105 The Tribunal partly allowed the appeal. It considered the unrecovered amount of ? 2,93,611 as a business loss under Section 28, allowing the bad debts claim. However, it upheld the disallowance of interest on loan and pre-payment charges amounting to ? 16,64,716 and ? 3,12,107 respectively, as revenue expenditures due to insufficient evidence showing the hotel was ready for use. Case-Laws Income Tax Thu, 15 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337105