https://www.taxtmi.com/caselaws?id=418933 The Tribunal upheld the decision of the CIT(A) to disallow interest expenditure of Rs. 70,00,371 related to Project 'B,' classifying it as capital expenditure to be capitalized in the Work in Progress. The appeal was dismissed, affirming the disallowance and emphasizing the significance of the accounting method in determining the allowability of interest expenses. en-us Mon, 31 Jan 2022 00:00:00 +0530 Mon, 28 Feb 2022 08:32:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418933 The Tribunal upheld the decision of the CIT(A) to disallow interest expenditure of Rs. 70,00,371 related to Project 'B,' classifying it as capital expenditure to be capitalized in the Work in Progress. The appeal was dismissed, affirming the disallowance and emphasizing the significance of the accounting method in determining the allowability of interest expenses. Case-Laws Income Tax Mon, 31 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418933