https://www.taxtmi.com/caselaws?id=67172 The Tribunal allowed the appeal, overturning the disallowances of late delivery damages and penal interest made under section 143(1)(a). The judgment emphasized the importance of assessing accrued liabilities beyond accounting entries and considering contractual obligations to determine the true nature of liabilities. en-us Wed, 31 May 2000 00:00:00 +0530 Wed, 09 Mar 2011 13:21:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67172 The Tribunal allowed the appeal, overturning the disallowances of late delivery damages and penal interest made under section 143(1)(a). The judgment emphasized the importance of assessing accrued liabilities beyond accounting entries and considering contractual obligations to determine the true nature of liabilities. Case-Laws Income Tax Wed, 31 May 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67172