https://www.taxtmi.com/caselaws?id=63139 The Tribunal, after considering the submissions, held that the interest payments did not qualify as deposits under s. 40-A(8) and ordered the disallowances to be deleted. The Tribunal emphasized interpreting the law in favor of the assessee, ruling in favor of the assessee and modifying the assessment accordingly. The appeals were allowed in part, with the disallowances under s. 40-A(8) being deleted, based on the specific facts of the case and the arguments presented. en-us Fri, 10 Jan 1986 00:00:00 +0530 Fri, 28 Jan 2011 10:29:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63139 The Tribunal, after considering the submissions, held that the interest payments did not qualify as deposits under s. 40-A(8) and ordered the disallowances to be deleted. The Tribunal emphasized interpreting the law in favor of the assessee, ruling in favor of the assessee and modifying the assessment accordingly. The appeals were allowed in part, with the disallowances under s. 40-A(8) being deleted, based on the specific facts of the case and the arguments presented. Case-Laws Income Tax Fri, 10 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63139