https://www.taxtmi.com/caselaws?id=56199 The Tribunal allowed the deduction of interest paid on borrowings under section 36(1)(iii) and advertisement expenses as revenue expenditure. The Tribunal upheld the disallowance of various expenditures as capital expenditures and directed re-computation of deduction under section 35D considering a bridge loan. Disallowances under sections 40A(3) and 43B were deleted, and deductions under sections 80HH and 80-I on miscellaneous income were allowed. The appeal filed by the assessee was partly allowed, while the appeal filed by the revenue was dismissed. en-us Tue, 06 Jun 2000 00:00:00 +0530 Fri, 17 Jun 2016 14:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56199 The Tribunal allowed the deduction of interest paid on borrowings under section 36(1)(iii) and advertisement expenses as revenue expenditure. The Tribunal upheld the disallowance of various expenditures as capital expenditures and directed re-computation of deduction under section 35D considering a bridge loan. Disallowances under sections 40A(3) and 43B were deleted, and deductions under sections 80HH and 80-I on miscellaneous income were allowed. The appeal filed by the assessee was partly allowed, while the appeal filed by the revenue was dismissed. Case-Laws Income Tax Tue, 06 Jun 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56199