https://www.taxtmi.com/caselaws?id=293981 The ITAT partly allowed the assessee's appeal, directing the AO to permit the deduction under section 10B and classify the lease rent as revenue expenditure. Additions related to unaccounted transactions with a third party were deleted due to procedural lapses. The Tribunal upheld the AO's interest charges under sections 234A, 234B, and 234C, and dismissed the Revenue's appeal. en-us Fri, 28 Jun 2019 00:00:00 +0530 Tue, 12 Nov 2024 14:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293981 The ITAT partly allowed the assessee's appeal, directing the AO to permit the deduction under section 10B and classify the lease rent as revenue expenditure. Additions related to unaccounted transactions with a third party were deleted due to procedural lapses. The Tribunal upheld the AO's interest charges under sections 234A, 234B, and 234C, and dismissed the Revenue's appeal. Case-Laws Income Tax Fri, 28 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293981