https://www.taxtmi.com/caselaws?id=364413 The Tribunal allowed the assessee's appeal, directing the AO to delete disallowances on interest, depreciation, and land component. The Tribunal emphasized consistency in tax treatment over time, considering the availability of interest-free funds for investments and the rule of consistency in depreciation calculations. The business expediency of investments made to protect business interests was also taken into account, leading to the deletion of disallowances and consequential additions. en-us Thu, 26 Jul 2018 00:00:00 +0530 Sun, 29 Jul 2018 12:32:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364413 The Tribunal allowed the assessee's appeal, directing the AO to delete disallowances on interest, depreciation, and land component. The Tribunal emphasized consistency in tax treatment over time, considering the availability of interest-free funds for investments and the rule of consistency in depreciation calculations. The business expediency of investments made to protect business interests was also taken into account, leading to the deletion of disallowances and consequential additions. Case-Laws Income Tax Thu, 26 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364413