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2012 (11) TMI 1138 - HC - Income TaxAllowing the interest expenses and general administration expenses by holding that the new project was a part of the existing business - Held that:- Expenses incurred by the assessee were in respect of the existing business and similarly interest and miscellaneous receipts were part of the existing business which had already commenced and hence liable to be treated as business receipts. Since the decision of the Tribunal in allowing the expenditure as business expenditure and treating the receipts as business receipts is based on facts of the case and there is no infirmity in it, we see no reason to entertain the question.
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