https://www.taxtmi.com/caselaws?id=281819 The Tribunal partially allowed the assessee's appeals, directing the AO to allow a business loss and disallow the balance as a capital loss regarding the write-off of investments. The Tribunal remitted the issue of interest expenses for fresh consideration, allowed depreciation on leased assets, and directed verification of facts for disallowance of interest and managerial expenses. The Tribunal dismissed appeals on share issue expenses, upheld prior period expenditure allowance, and confirmed deletion of earlier years' expenditure disallowance. Issues of expenditure under section 40A(9) and write-back of non-cash were remitted for fresh adjudication. The Tribunal dismissed the Revenue's appeal on charging interest under section 234B. en-us Tue, 06 Sep 2016 00:00:00 +0530 Mon, 08 Jul 2019 06:39:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281819 The Tribunal partially allowed the assessee's appeals, directing the AO to allow a business loss and disallow the balance as a capital loss regarding the write-off of investments. The Tribunal remitted the issue of interest expenses for fresh consideration, allowed depreciation on leased assets, and directed verification of facts for disallowance of interest and managerial expenses. The Tribunal dismissed appeals on share issue expenses, upheld prior period expenditure allowance, and confirmed deletion of earlier years' expenditure disallowance. Issues of expenditure under section 40A(9) and write-back of non-cash were remitted for fresh adjudication. The Tribunal dismissed the Revenue's appeal on charging interest under section 234B. Case-Laws Income Tax Tue, 06 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281819