https://www.taxtmi.com/caselaws?id=274835 The High Court dismissed the Revenue's appeal on the settled question from a previous case but admitted it on a reframed question concerning the inclusion of specific items as business profits for deduction under section 32AB of the Act. The Court will review if the ITAT was justified in instructing the Assessing Officer to include certain write-offs as profits despite not falling under specified adjustments. The appeal was also admitted on the issue of disallowance of capital expenditure, questioning the deletion of an addition made by the ITAT for temporary construction expenses classified as capital expenditure. en-us Wed, 23 Nov 2011 00:00:00 +0530 Thu, 06 Sep 2018 16:48:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274835 The High Court dismissed the Revenue's appeal on the settled question from a previous case but admitted it on a reframed question concerning the inclusion of specific items as business profits for deduction under section 32AB of the Act. The Court will review if the ITAT was justified in instructing the Assessing Officer to include certain write-offs as profits despite not falling under specified adjustments. The appeal was also admitted on the issue of disallowance of capital expenditure, questioning the deletion of an addition made by the ITAT for temporary construction expenses classified as capital expenditure. Case-Laws Income Tax Wed, 23 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274835