https://www.taxtmi.com/caselaws?id=62825 The Tribunal partly allowed the assessee's appeal and dismissed the Revenue's appeal. The disallowance of litigation expenses and rest house expenditure was upheld, while the deduction of interest under Section 217(a) was rejected. The Tribunal ruled in favor of the assessee regarding the accrual of interest on fixed deposit and deletion of sales tax liability. Various other issues such as surtax claim, leave and license fee addition, and deduction under Section 35-B were decided in favor of the assessee. The Tribunal provided specific directions for the assessing officer to reconsider the waiver or reduction of interest under Section 217. en-us Fri, 30 Jan 1987 00:00:00 +0530 Sat, 22 Jan 2011 11:20:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62825 The Tribunal partly allowed the assessee's appeal and dismissed the Revenue's appeal. The disallowance of litigation expenses and rest house expenditure was upheld, while the deduction of interest under Section 217(a) was rejected. The Tribunal ruled in favor of the assessee regarding the accrual of interest on fixed deposit and deletion of sales tax liability. Various other issues such as surtax claim, leave and license fee addition, and deduction under Section 35-B were decided in favor of the assessee. The Tribunal provided specific directions for the assessing officer to reconsider the waiver or reduction of interest under Section 217. Case-Laws Income Tax Fri, 30 Jan 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62825