https://www.taxtmi.com/caselaws?id=244081 The Tribunal upheld the deletion of additions for delayed ESI, PF, and superannuation payments, as well as plant installation expenses. It sustained the disallowance of prior period expenses and interest on late tax payments due to insufficient evidence. The disallowance of loan procurement charges was upheld for lack of supporting documents. However, the disallowance of notional interest on the loan to Modi Stone Ltd. was reversed, citing commercial expediency and the absence of proof of interest-bearing funds. The final order partially allowed the assessee's appeal and dismissed the revenue's appeal. en-us Fri, 23 Aug 2013 00:00:00 +0530 Tue, 18 Feb 2014 06:37:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244081 The Tribunal upheld the deletion of additions for delayed ESI, PF, and superannuation payments, as well as plant installation expenses. It sustained the disallowance of prior period expenses and interest on late tax payments due to insufficient evidence. The disallowance of loan procurement charges was upheld for lack of supporting documents. However, the disallowance of notional interest on the loan to Modi Stone Ltd. was reversed, citing commercial expediency and the absence of proof of interest-bearing funds. The final order partially allowed the assessee's appeal and dismissed the revenue's appeal. Case-Laws Income Tax Fri, 23 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244081