https://www.taxtmi.com/caselaws?id=237697 The High Court dismissed the Tax Appeal, affirming the Tribunal's decisions in favor of the assessee. The Tribunal ruled in favor of the deduction claims under various sections of the Income Tax Act, citing precedents and principles such as the interconnection between borrowing and business expansion, spreading of premium payments over years, consistency in granting claims, and the assessee's interest in leased assets. The Court upheld the Tribunal's findings, emphasizing the importance of consistency and adherence to legal principles in allowing deductions and allowances under the Act. en-us Tue, 12 Mar 2013 00:00:00 +0530 Sat, 05 Oct 2013 07:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237697 The High Court dismissed the Tax Appeal, affirming the Tribunal's decisions in favor of the assessee. The Tribunal ruled in favor of the deduction claims under various sections of the Income Tax Act, citing precedents and principles such as the interconnection between borrowing and business expansion, spreading of premium payments over years, consistency in granting claims, and the assessee's interest in leased assets. The Court upheld the Tribunal's findings, emphasizing the importance of consistency and adherence to legal principles in allowing deductions and allowances under the Act. Case-Laws Income Tax Tue, 12 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237697