https://www.taxtmi.com/caselaws?id=55987 The Tribunal directed the deletion of the entire disallowance of Rs. 7,20,000 made out of interest expenditure. The claim for 100% depreciation on the deferred interest balance was rejected. The disallowance of capital issue expenses was upheld. The AO was directed to grant consequential relief concerning the interest levied under Section 217. The deletion of the disallowance of bonus paid in excess of the minimum payable under the Bonus Act was upheld. The Revenue's appeal was dismissed, and the assessee's appeal was partly allowed. en-us Fri, 17 Nov 1995 00:00:00 +0530 Wed, 01 Dec 2010 10:04:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55987 The Tribunal directed the deletion of the entire disallowance of Rs. 7,20,000 made out of interest expenditure. The claim for 100% depreciation on the deferred interest balance was rejected. The disallowance of capital issue expenses was upheld. The AO was directed to grant consequential relief concerning the interest levied under Section 217. The deletion of the disallowance of bonus paid in excess of the minimum payable under the Bonus Act was upheld. The Revenue's appeal was dismissed, and the assessee's appeal was partly allowed. Case-Laws Income Tax Fri, 17 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55987