https://www.taxtmi.com/caselaws?id=365901 The appeal under Section 260A of the Income Tax Act, 1961 for the assessment year 2013-14 of a company focused on the capitalization of interest received from bank fixed deposits and its set-off against preoperative expenses. The Tribunal determined that since the company had not commenced its manufacturing activities as per the assessment order, no substantial legal question arose. Referencing precedents, the Tribunal dismissed the appeal without costs, emphasizing the importance of aligning decisions with established legal principles and factual circumstances. en-us Fri, 17 Aug 2018 00:00:00 +0530 Sat, 25 Aug 2018 06:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365901 The appeal under Section 260A of the Income Tax Act, 1961 for the assessment year 2013-14 of a company focused on the capitalization of interest received from bank fixed deposits and its set-off against preoperative expenses. The Tribunal determined that since the company had not commenced its manufacturing activities as per the assessment order, no substantial legal question arose. Referencing precedents, the Tribunal dismissed the appeal without costs, emphasizing the importance of aligning decisions with established legal principles and factual circumstances. Case-Laws Income Tax Fri, 17 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365901