https://www.taxtmi.com/caselaws?id=285840 The Tribunal partly allowed the appeal by ruling that the interest income should be treated as business income due to its connection with the project. The issue of revenue expenditure deduction was remanded back to the CIT(A) for proper adjudication, and the levy of interest under Section 234B was deemed consequential and dependent on the final demand. The decision was pronounced on 12.09.2018. en-us Wed, 12 Sep 2018 00:00:00 +0530 Wed, 29 Jan 2020 17:43:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285840 The Tribunal partly allowed the appeal by ruling that the interest income should be treated as business income due to its connection with the project. The issue of revenue expenditure deduction was remanded back to the CIT(A) for proper adjudication, and the levy of interest under Section 234B was deemed consequential and dependent on the final demand. The decision was pronounced on 12.09.2018. Case-Laws Income Tax Wed, 12 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285840