https://www.taxtmi.com/caselaws?id=59400 The Tribunal dismissed the Revenue's appeal and partly allowed the assessee's appeal. It upheld the initiation of reassessment proceedings, the disallowance of depreciation on land, and the taxation of interest on the IT refund. However, it deleted the disallowance of advertisement expenses, concluding that the expenditure was incurred wholly and exclusively for the assessee's business purposes. en-us Thu, 14 May 2009 00:00:00 +0530 Mon, 16 Oct 2023 14:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59400 The Tribunal dismissed the Revenue's appeal and partly allowed the assessee's appeal. It upheld the initiation of reassessment proceedings, the disallowance of depreciation on land, and the taxation of interest on the IT refund. However, it deleted the disallowance of advertisement expenses, concluding that the expenditure was incurred wholly and exclusively for the assessee's business purposes. Case-Laws Income Tax Thu, 14 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59400