https://www.taxtmi.com/caselaws?id=18083 The High Court ruled in favor of the assessee and against the Revenue, stating that the Tribunal should have considered the additional ground raised during the hearing regarding the treatment of interest on loans for fixed assets as revenue expenditure. The Court emphasized that parties are not prohibited from raising additional grounds during the hearing and that the Tribunal should have granted leave for such grounds to be considered. The judgment directed the Income-tax Appellate Tribunal, Guwahati to take necessary action based on this decision. en-us Tue, 20 Aug 1996 00:00:00 +0530 Sat, 26 Sep 2009 16:18:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18083 The High Court ruled in favor of the assessee and against the Revenue, stating that the Tribunal should have considered the additional ground raised during the hearing regarding the treatment of interest on loans for fixed assets as revenue expenditure. The Court emphasized that parties are not prohibited from raising additional grounds during the hearing and that the Tribunal should have granted leave for such grounds to be considered. The judgment directed the Income-tax Appellate Tribunal, Guwahati to take necessary action based on this decision. Case-Laws Income Tax Tue, 20 Aug 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18083