https://www.taxtmi.com/caselaws?id=413301 The Tribunal partially allowed the appeal for statistical purposes on 30th September 2021. The Tribunal directed the Ld. CIT(A) to re-adjudicate the issue of electricity expenses and remanded the insurance claim for fresh consideration. The set off of brought forward business losses against interest income was upheld as per section 72 of the Act. Repairs and maintenance expenses were dismissed as subsumed under statutory deduction, while certain expenses were disallowed due to lack of evidence and potential double benefits for the assessee. en-us Thu, 30 Sep 2021 00:00:00 +0530 Fri, 08 Oct 2021 08:21:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413301 The Tribunal partially allowed the appeal for statistical purposes on 30th September 2021. The Tribunal directed the Ld. CIT(A) to re-adjudicate the issue of electricity expenses and remanded the insurance claim for fresh consideration. The set off of brought forward business losses against interest income was upheld as per section 72 of the Act. Repairs and maintenance expenses were dismissed as subsumed under statutory deduction, while certain expenses were disallowed due to lack of evidence and potential double benefits for the assessee. Case-Laws Income Tax Thu, 30 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413301