https://www.taxtmi.com/caselaws?id=65168 For the assessment year 1980-81, the Revenue's appeal challenging a deduction related to a supply contract for telephone poles was dismissed by the Tribunal. The CIT(A)'s decision allowing the deduction was upheld as the assessee unilaterally estimated an amount without creating a liability, later adjusting it based on the actual due amount. The assessee's cross objection supporting the CIT(A)'s decision was deemed infructuous. In the appeal for the same year, the Tribunal remanded the matter to the CIT(A) regarding the charging of interest under the IT Act. For the assessment year 1981-82, the Tribunal granted additional relief to the assessee for the disallowance of expenses, resulting in a successful appeal. en-us Fri, 21 Aug 1987 00:00:00 +0530 Mon, 14 Feb 2011 10:24:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65168 For the assessment year 1980-81, the Revenue's appeal challenging a deduction related to a supply contract for telephone poles was dismissed by the Tribunal. The CIT(A)'s decision allowing the deduction was upheld as the assessee unilaterally estimated an amount without creating a liability, later adjusting it based on the actual due amount. The assessee's cross objection supporting the CIT(A)'s decision was deemed infructuous. In the appeal for the same year, the Tribunal remanded the matter to the CIT(A) regarding the charging of interest under the IT Act. For the assessment year 1981-82, the Tribunal granted additional relief to the assessee for the disallowance of expenses, resulting in a successful appeal. Case-Laws Income Tax Fri, 21 Aug 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65168