https://www.taxtmi.com/caselaws?id=456091 ITAT Bangalore dismissed Revenue's grounds regarding addition of interest income on Fixed Deposit, following its own coordinate bench decision in assessee's case for AY 2014-15. The Tribunal affirmed CIT(A)'s deletion of business expense disallowance, again following precedent from AY 2014-15. On expenditure classification, ITAT upheld CIT(A)'s finding that expenses for renewable energy propagation and Solar Park inauguration were revenue in nature, noting assessee's core activity since 1996 as nodal agency for Karnataka Government's renewable energy programs. en-us Mon, 31 Jul 2023 00:00:00 +0530 Thu, 27 Jun 2024 08:51:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456091 ITAT Bangalore dismissed Revenue's grounds regarding addition of interest income on Fixed Deposit, following its own coordinate bench decision in assessee's case for AY 2014-15. The Tribunal affirmed CIT(A)'s deletion of business expense disallowance, again following precedent from AY 2014-15. On expenditure classification, ITAT upheld CIT(A)'s finding that expenses for renewable energy propagation and Solar Park inauguration were revenue in nature, noting assessee's core activity since 1996 as nodal agency for Karnataka Government's renewable energy programs. Case-Laws Income Tax Mon, 31 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456091