https://www.taxtmi.com/caselaws?id=66207 The Tribunal partially allowed the appeal, permitting the deduction under section 40A(3) for cash payments due to urgent repairs and necessity for expeditious settlement. However, the disallowances concerning the excess wastage of gunny bags and interest on borrowed funds were upheld as the reasons provided were deemed unsatisfactory. en-us Tue, 28 May 1985 00:00:00 +0530 Tue, 22 Feb 2011 15:05:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66207 The Tribunal partially allowed the appeal, permitting the deduction under section 40A(3) for cash payments due to urgent repairs and necessity for expeditious settlement. However, the disallowances concerning the excess wastage of gunny bags and interest on borrowed funds were upheld as the reasons provided were deemed unsatisfactory. Case-Laws Income Tax Tue, 28 May 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66207