https://www.taxtmi.com/caselaws?id=59943 The Tribunal upheld the CIT(A)'s decisions on all three issues in the case. It allowed the expenditure of Rs. 41,383 as common business expenses, deleted the addition of notional interest income of Rs. 2,02,734, and permitted the interest expense of Rs. 8,03,116 as a revenue expense. The Revenue's appeal was dismissed. en-us Wed, 18 Jul 2001 00:00:00 +0530 Mon, 03 Jan 2011 10:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59943 The Tribunal upheld the CIT(A)'s decisions on all three issues in the case. It allowed the expenditure of Rs. 41,383 as common business expenses, deleted the addition of notional interest income of Rs. 2,02,734, and permitted the interest expense of Rs. 8,03,116 as a revenue expense. The Revenue's appeal was dismissed. Case-Laws Income Tax Wed, 18 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59943