2011 (6) TMI 829

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..... al, 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 ₹ 15,65,964/as revenue expenditure even though the same were connected to the new projects under completion and therefore capital in nature? (2) Whether on the fac .....

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..... y 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 ₹ 1,18,03,359/as revenue expenditure in respect of new projects which were under construction? 2. As regards questions 1 to 4 are concerned, similar questio .....

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