2011 (6) TMI 829

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....t : Mr. Pankaj R. Topani, Advocate ORDER P.C. 1. In this appeal, five questions of law raised by the revenue, which reads thus: (1) Whether on the facts and in the circumstances " of the case, the Hon'ble Tribunal was justified in law in treating the projects expenses amounting to Rs. 15,65,964/as revenue expenditure even though the same were connected to the new projects under c....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he disallowance of interest to the extent of Rs. 11,35,92,962/made by the A.O. u/s 36(1)(3) of the I.T. Act in respect of new projects under construction.? (5) Whether on the facts and in the circumstances of the case, the Hon'ble Tribunal was justified in law in allowing financial charges of Rs. 1,18,03,359/as revenue expenditure in respect of new projects which were under construction?"....