https://www.taxtmi.com/caselaws?id=404997 The Tribunal partly allowed the appeals related to the apportionment of expenses between agricultural and non-agricultural activities for assessment years 2014-15 and 2015-16. It directed the Assessing Officer to restrict the allocation of expenses to only director's remuneration, considered related to agricultural operations. The Tribunal emphasized consistency in the apportionment method for different assessment years, maintaining that expenses should be allocated based on the nature of activities. The Tribunal also addressed the categorization of interest income and the allocation of director remuneration, aligning decisions with the previous year. en-us Wed, 03 Mar 2021 00:00:00 +0530 Tue, 09 Mar 2021 08:49:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404997 The Tribunal partly allowed the appeals related to the apportionment of expenses between agricultural and non-agricultural activities for assessment years 2014-15 and 2015-16. It directed the Assessing Officer to restrict the allocation of expenses to only director's remuneration, considered related to agricultural operations. The Tribunal emphasized consistency in the apportionment method for different assessment years, maintaining that expenses should be allocated based on the nature of activities. The Tribunal also addressed the categorization of interest income and the allocation of director remuneration, aligning decisions with the previous year. Case-Laws Income Tax Wed, 03 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404997