https://www.taxtmi.com/caselaws?id=67140 Interest claimed for the period after institution of the bank's suit was treated as a contingent liability, because award of pendente lite and future interest depended on judicial discretion under civil procedure principles; the disallowance was upheld. Estimated disallowance from truck maintenance expenses was deleted because the assessee furnished details and the record did not justify a selective estimate without cogent adverse material. Disallowance for cash payments under the income-tax law was also deleted because the payments were supported by bills, the payees were identified, and business exigencies explained the cash mode. en-us Fri, 02 Sep 1994 00:00:00 +0530 Wed, 09 Mar 2011 12:29:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67140 Interest claimed for the period after institution of the bank's suit was treated as a contingent liability, because award of pendente lite and future interest depended on judicial discretion under civil procedure principles; the disallowance was upheld. Estimated disallowance from truck maintenance expenses was deleted because the assessee furnished details and the record did not justify a selective estimate without cogent adverse material. Disallowance for cash payments under the income-tax law was also deleted because the payments were supported by bills, the payees were identified, and business exigencies explained the cash mode. Case-Laws Income Tax Fri, 02 Sep 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67140