https://www.taxtmi.com/caselaws?id=387164 The appeal was partly allowed. The addition of interest income paid on Interest Bearing Maintenance Security (IBMS) was deleted based on a Tribunal decision citing a direct link between interest expenditure and income. The addition on account of depreciation was dismissed due to the insignificance of the amount, as the ground raised by the assessee was not pressed. en-us Thu, 16 May 2019 00:00:00 +0530 Fri, 18 Oct 2019 07:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387164 The appeal was partly allowed. The addition of interest income paid on Interest Bearing Maintenance Security (IBMS) was deleted based on a Tribunal decision citing a direct link between interest expenditure and income. The addition on account of depreciation was dismissed due to the insignificance of the amount, as the ground raised by the assessee was not pressed. Case-Laws Income Tax Thu, 16 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387164