https://www.taxtmi.com/caselaws?id=71493 The Hon'ble Patna High Court ruled in favor of the assessee on all issues. The Court directed the AO to verify payments made within due dates for disallowance u/s 43B regarding unpaid sales tax. The Tribunal allowed investment allowance for machineries used in manufacturing grape juice, emphasizing their distinct nature. Additionally, expenses categorized as entertainment for the assessment year 1986-87 were deemed legitimate revenue expenditures by the Tribunal. The judgment underscored the importance of interpreting provisions liberally to support industrial growth and ensure fair treatment for taxpayers. en-us Mon, 30 Jan 1995 00:00:00 +0530 Mon, 25 Apr 2011 12:09:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71493 The Hon'ble Patna High Court ruled in favor of the assessee on all issues. The Court directed the AO to verify payments made within due dates for disallowance u/s 43B regarding unpaid sales tax. The Tribunal allowed investment allowance for machineries used in manufacturing grape juice, emphasizing their distinct nature. Additionally, expenses categorized as entertainment for the assessment year 1986-87 were deemed legitimate revenue expenditures by the Tribunal. The judgment underscored the importance of interpreting provisions liberally to support industrial growth and ensure fair treatment for taxpayers. Case-Laws Income Tax Mon, 30 Jan 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71493