https://www.taxtmi.com/caselaws?id=70031 The Tribunal allowed the assessee's appeal in part, granting relief on the valuation of closing stock and interest disallowance issues. Other claims, such as the deduction under Section 43B of the Act, treatment of interest received in advance, compensation for termination of selling agreements, and guest house expenditure, were either dismissed or remitted for fresh consideration. The Tribunal found the switch in valuation method justified, recognized the business purpose of the interest advanced to the subsidiary, and upheld the taxation of discounted interest in the relevant year. en-us Fri, 29 Jan 1993 00:00:00 +0530 Wed, 13 Apr 2011 15:39:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70031 The Tribunal allowed the assessee's appeal in part, granting relief on the valuation of closing stock and interest disallowance issues. Other claims, such as the deduction under Section 43B of the Act, treatment of interest received in advance, compensation for termination of selling agreements, and guest house expenditure, were either dismissed or remitted for fresh consideration. The Tribunal found the switch in valuation method justified, recognized the business purpose of the interest advanced to the subsidiary, and upheld the taxation of discounted interest in the relevant year. Case-Laws Income Tax Fri, 29 Jan 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70031