https://www.taxtmi.com/caselaws?id=776791 Maintainability of an appeal under 260A was considered alongside whether pendency of rectification proceedings before the Tribunal affects that maintainability; the court declined to interfere, dismissing the special leave petition. The Tribunal's power to enhance assessments was addressed, with the outcome preserved by dismissal. The allowability of operating expenses, financial expenses and depreciation was examined where the assessee had not commenced commercial operations; the decision under review (favoring the assessee on composite business and pre commencement expense treatment) was left undisturbed. en-us Wed, 13 Aug 2025 00:00:00 +0530 Mon, 09 Feb 2026 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776791 Maintainability of an appeal under 260A was considered alongside whether pendency of rectification proceedings before the Tribunal affects that maintainability; the court declined to interfere, dismissing the special leave petition. The Tribunal's power to enhance assessments was addressed, with the outcome preserved by dismissal. The allowability of operating expenses, financial expenses and depreciation was examined where the assessee had not commenced commercial operations; the decision under review (favoring the assessee on composite business and pre commencement expense treatment) was left undisturbed. Case-Laws Income Tax Wed, 13 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776791