https://www.taxtmi.com/caselaws?id=347899 The Tribunal upheld the CIT(A)'s decision in a tax case involving the determination of the business setup date, deductibility of administrative expenses, classification of interest income, and the applicability of Section 14A disallowance for interest expenses. The Tribunal ruled in favor of the assessee, confirming that the business was set up in January 2008, allowing the deduction of administrative expenses, classifying interest income as business income, and deleting the disallowance under Section 14A due to the interest being directly attributable to capital assets. The Revenue's appeals were dismissed. en-us Thu, 31 Aug 2017 00:00:00 +0530 Tue, 12 Sep 2017 08:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347899 The Tribunal upheld the CIT(A)'s decision in a tax case involving the determination of the business setup date, deductibility of administrative expenses, classification of interest income, and the applicability of Section 14A disallowance for interest expenses. The Tribunal ruled in favor of the assessee, confirming that the business was set up in January 2008, allowing the deduction of administrative expenses, classifying interest income as business income, and deleting the disallowance under Section 14A due to the interest being directly attributable to capital assets. The Revenue's appeals were dismissed. Case-Laws Income Tax Thu, 31 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347899