https://www.taxtmi.com/caselaws?id=244688 The High Court upheld the Tribunal's decision regarding the disallowance of excess interest under section 40A(2)(a) for the assessment year 2008-09, finding no legal question arising. The Court admitted the Tax Appeal to consider the addition under section 41(1) concerning the treatment of the waived sales tax liability under the mercantile system of accounting. en-us Fri, 07 Feb 2014 00:00:00 +0530 Wed, 05 Mar 2014 21:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244688 The High Court upheld the Tribunal's decision regarding the disallowance of excess interest under section 40A(2)(a) for the assessment year 2008-09, finding no legal question arising. The Court admitted the Tax Appeal to consider the addition under section 41(1) concerning the treatment of the waived sales tax liability under the mercantile system of accounting. Case-Laws Income Tax Fri, 07 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244688