https://www.taxtmi.com/caselaws?id=71417 The Tribunal partially allowed the appeals in the case. It directed the Income Tax Officer to grant investment allowance for the barge lease, recognizing it as part of the business of operation of ships. However, the Tribunal upheld the deduction of the interest subsidy from interest payments, in line with previous Tribunal decisions. en-us Thu, 19 Jan 1989 00:00:00 +0530 Sat, 23 Apr 2011 12:59:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71417 The Tribunal partially allowed the appeals in the case. It directed the Income Tax Officer to grant investment allowance for the barge lease, recognizing it as part of the business of operation of ships. However, the Tribunal upheld the deduction of the interest subsidy from interest payments, in line with previous Tribunal decisions. Case-Laws Income Tax Thu, 19 Jan 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71417