https://www.taxtmi.com/caselaws?id=272943 The Tribunal partly allowed the assessee's appeals for statistical purposes, dismissing the Revenue's appeals. The Tribunal upheld the allowance of set-off for brought forward loss and unabsorbed depreciation, disallowing interest and finance expenses due to loan liability takeover. It directed verification of rental income for potential double taxation and allowed prior period expenditure. The rectification application was dismissed as infructuous. The Tribunal's decisions aimed to ensure fair assessment, addressing various issues raised and avoiding double taxation. en-us Fri, 21 Apr 2017 00:00:00 +0530 Sat, 26 May 2018 07:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272943 The Tribunal partly allowed the assessee's appeals for statistical purposes, dismissing the Revenue's appeals. The Tribunal upheld the allowance of set-off for brought forward loss and unabsorbed depreciation, disallowing interest and finance expenses due to loan liability takeover. It directed verification of rental income for potential double taxation and allowed prior period expenditure. The rectification application was dismissed as infructuous. The Tribunal's decisions aimed to ensure fair assessment, addressing various issues raised and avoiding double taxation. Case-Laws Income Tax Fri, 21 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272943