https://www.taxtmi.com/caselaws?id=234602 The Tribunal upheld the deletion of disallowance of payment made to the Kerala State Government as a business expenditure. Prior period expenses were disallowed due to accounting errors from previous years. Undistributed Vethapalisa was assessed as income, but the Tribunal directed a re-examination. The issue of disallowance under Section 40(a)(ia) was remanded for fresh examination. The levy of interest under Section 234A was remanded for verification. The revenue's appeal for the assessment year 2005-06 was dismissed, while the assessee's appeals for 2005-06 and 2006-07 were partly allowed for statistical purposes. The assessee's appeal for 2007-08 was allowed for statistical purposes. en-us Fri, 07 Jun 2013 00:00:00 +0530 Wed, 19 Jun 2013 11:19:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234602 The Tribunal upheld the deletion of disallowance of payment made to the Kerala State Government as a business expenditure. Prior period expenses were disallowed due to accounting errors from previous years. Undistributed Vethapalisa was assessed as income, but the Tribunal directed a re-examination. The issue of disallowance under Section 40(a)(ia) was remanded for fresh examination. The levy of interest under Section 234A was remanded for verification. The revenue's appeal for the assessment year 2005-06 was dismissed, while the assessee's appeals for 2005-06 and 2006-07 were partly allowed for statistical purposes. The assessee's appeal for 2007-08 was allowed for statistical purposes. Case-Laws Income Tax Fri, 07 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234602