https://www.taxtmi.com/caselaws?id=242625 The Tribunal addressed the disallowance of interest expenditure related to brand names and trade marks, setting aside the CIT's order and directing fresh examination to determine the nature of the interest payment. Regarding the addition of provision for expenses, the Tribunal upheld the CIT's direction to include the amount in book profit under section 115JB, emphasizing that only expenditure for ascertained liabilities is deductible. The appeal was partly allowed, with the Tribunal emphasizing the importance of distinguishing between ascertained and unascertained liabilities in determining deductibility under section 115JB. en-us Wed, 12 Jun 2013 00:00:00 +0530 Sun, 19 Jan 2014 10:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242625 The Tribunal addressed the disallowance of interest expenditure related to brand names and trade marks, setting aside the CIT's order and directing fresh examination to determine the nature of the interest payment. Regarding the addition of provision for expenses, the Tribunal upheld the CIT's direction to include the amount in book profit under section 115JB, emphasizing that only expenditure for ascertained liabilities is deductible. The appeal was partly allowed, with the Tribunal emphasizing the importance of distinguishing between ascertained and unascertained liabilities in determining deductibility under section 115JB. Case-Laws Income Tax Wed, 12 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242625