https://www.taxtmi.com/caselaws?id=55129 The Tribunal considered the reassessment based on change of opinion and the nature of expenditure in the case. The reassessment was questioned as the original assessment orders were unavailable, leading to a remand to verify if the interest was considered during the initial assessment. Regarding the nature of expenditure, the Tribunal allowed the appeals of the assessee, determining that the interest paid was a revenue expenditure under section 36, not disallowed as capital expenditure under section 37. en-us Tue, 11 Apr 1989 00:00:00 +0530 Tue, 23 Nov 2010 17:29:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55129 The Tribunal considered the reassessment based on change of opinion and the nature of expenditure in the case. The reassessment was questioned as the original assessment orders were unavailable, leading to a remand to verify if the interest was considered during the initial assessment. Regarding the nature of expenditure, the Tribunal allowed the appeals of the assessee, determining that the interest paid was a revenue expenditure under section 36, not disallowed as capital expenditure under section 37. Case-Laws Income Tax Tue, 11 Apr 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55129