Interest exp. attributable from date of ‘Trial Run’ till date of commercial start of power plant is revenue exp.: ITAT

INCOME TAX : Where Assessing Officer made addition on account of unproved purchases made by assessee from three parties, however, perusal of reconciliation statement between balances as per books of account of assessee with said three parties revealed that there were no differences, no addition was called for on account of purchases from said parties

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000316006/interest-exp-attributable-from-date-of-‘trial-run’-till-date-of-commercial-start-of-power-plant-is-revenue-exp-itat.aspx