M/S. BINANI ZINC LTD. vs. COMMISSIONER OF INCOME TAX III, KOLKATA & ANR.

The appeal stands dismissed as withdrawn

Bench: :

disallowing the expenditure of Rs.3,35,29,347/- incurred by the assessee for preparation of feasibility study report in earlier years, but written off during the previous year corresponding to the assessment year 2004-05 since the proposed project 2 was abandoned when the Tribunal itself has found that the expenses were revenue expenditure ? ii) Whether interest can be charged