https://www.taxtmi.com/caselaws?id=358384 The tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decisions on all counts. The sinking fund contributions were not considered rental income, the interest on borrowed capital was deemed deductible, and no addition for notional interest on deposits was warranted. The tribunal's decision was based on consistency with previous rulings and the lack of new evidence to warrant a different conclusion. en-us Wed, 28 Feb 2018 00:00:00 +0530 Wed, 11 Apr 2018 08:02:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358384 The tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decisions on all counts. The sinking fund contributions were not considered rental income, the interest on borrowed capital was deemed deductible, and no addition for notional interest on deposits was warranted. The tribunal's decision was based on consistency with previous rulings and the lack of new evidence to warrant a different conclusion. Case-Laws Income Tax Wed, 28 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358384