https://www.taxtmi.com/caselaws?id=427552 The Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax (Appeals) decision, dismissing the Revenue's appeals for Assessment Years 2013-14 and 2014-15. Emphasizing consistency in decisions across assessment years, the ITAT found no grounds to interfere and highlighted the importance of establishing a clear nexus between funds used for investments and capital work-in-progress for deductions under section 36(1)(iii) of the Act. The appeals by the Revenue were ultimately dismissed. en-us Thu, 08 Sep 2022 00:00:00 +0530 Sat, 10 Sep 2022 09:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427552 The Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax (Appeals) decision, dismissing the Revenue's appeals for Assessment Years 2013-14 and 2014-15. Emphasizing consistency in decisions across assessment years, the ITAT found no grounds to interfere and highlighted the importance of establishing a clear nexus between funds used for investments and capital work-in-progress for deductions under section 36(1)(iii) of the Act. The appeals by the Revenue were ultimately dismissed. Case-Laws Income Tax Thu, 08 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427552