https://www.taxtmi.com/caselaws?id=384360 The Tribunal upheld the CIT(A)'s decision to allow business expenses related to land purchase and construction as work-in-progress, directing their accumulation instead of immediate deduction. It also affirmed the reclassification of interest income as business income, permitting its set-off against business loss. The Tribunal partially allowed the Revenue's appeal, specifying the treatment of certain expenses and income classification. en-us Tue, 16 Apr 2019 00:00:00 +0530 Sat, 10 Aug 2019 11:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384360 The Tribunal upheld the CIT(A)'s decision to allow business expenses related to land purchase and construction as work-in-progress, directing their accumulation instead of immediate deduction. It also affirmed the reclassification of interest income as business income, permitting its set-off against business loss. The Tribunal partially allowed the Revenue's appeal, specifying the treatment of certain expenses and income classification. Case-Laws Income Tax Tue, 16 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384360