https://www.taxtmi.com/caselaws?id=392969 The Tribunal dismissed the Revenue's appeals on the issues of Section 14A disallowance, additional depreciation under Section 32(1)(iia), and Forex Loss as revenue expenditure, upholding the CIT(A)'s decisions. However, it allowed the Revenue's appeal on the issue of interest capitalization towards work in progress, following its earlier decision in the assessee's case. The Tribunal confirmed the CIT(A)'s decision to classify expenses related to the establishment of new outlets as revenue expenses. The appeals of the Revenue were thus partly allowed. en-us Mon, 24 Feb 2020 00:00:00 +0530 Wed, 24 Jun 2020 14:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392969 The Tribunal dismissed the Revenue's appeals on the issues of Section 14A disallowance, additional depreciation under Section 32(1)(iia), and Forex Loss as revenue expenditure, upholding the CIT(A)'s decisions. However, it allowed the Revenue's appeal on the issue of interest capitalization towards work in progress, following its earlier decision in the assessee's case. The Tribunal confirmed the CIT(A)'s decision to classify expenses related to the establishment of new outlets as revenue expenses. The appeals of the Revenue were thus partly allowed. Case-Laws Income Tax Mon, 24 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392969