https://www.taxtmi.com/caselaws?id=432377 The Tribunal upheld the CIT(A)'s decision in a case involving the applicability of Section 43CA of the Income Tax Act, 1961, and the allowability of deduction for interest expenditure under Section 36(1)(iii). It was held that the additional area allotted to tenants could not be considered as stock-in-trade, thus Section 43CA was deemed not applicable. Additionally, the deduction for interest expenditure was allowed under Section 36(1)(iii). Consequently, the appeal filed by the Revenue was dismissed in its entirety. en-us Tue, 20 Dec 2022 00:00:00 +0530 Wed, 04 Jan 2023 08:30:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432377 The Tribunal upheld the CIT(A)'s decision in a case involving the applicability of Section 43CA of the Income Tax Act, 1961, and the allowability of deduction for interest expenditure under Section 36(1)(iii). It was held that the additional area allotted to tenants could not be considered as stock-in-trade, thus Section 43CA was deemed not applicable. Additionally, the deduction for interest expenditure was allowed under Section 36(1)(iii). Consequently, the appeal filed by the Revenue was dismissed in its entirety. Case-Laws Income Tax Tue, 20 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432377