https://www.taxtmi.com/caselaws?id=275174 The appeal was disposed of with directions to the Tribunal to reconsider the case in light of the factual position and to address the interest expenditure deduction issue raised under section 56 of the Act. The Court noted errors in relying on a judgment subsequently overruled by the Bombay High Court and in not initially addressing the interest expenditure deduction. Both parties acknowledged the oversight, leading to modifications in the orders to reflect that the issues raised were covered by a specific judgment of the Court in a related case. en-us Tue, 22 Mar 2011 00:00:00 +0530 Thu, 20 Sep 2018 17:40:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275174 The appeal was disposed of with directions to the Tribunal to reconsider the case in light of the factual position and to address the interest expenditure deduction issue raised under section 56 of the Act. The Court noted errors in relying on a judgment subsequently overruled by the Bombay High Court and in not initially addressing the interest expenditure deduction. Both parties acknowledged the oversight, leading to modifications in the orders to reflect that the issues raised were covered by a specific judgment of the Court in a related case. Case-Laws Income Tax Tue, 22 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275174