https://www.taxtmi.com/caselaws?id=246931 The High Court ruled in favor of the assessee on various issues under the Income Tax Act, 1961. It upheld the order directing assessment for 27 months, citing previous decisions. The disallowance of interest and expenses were rejected based on established precedents favoring the assessee. Additionally, the court allowed the appeal regarding the deletion of investment allowance on the distillery unit, following a similar favorable precedent. Ultimately, the court partially allowed the appeal, ruling in favor of the assessee on multiple issues. en-us Thu, 24 Apr 2014 00:00:00 +0530 Sat, 26 Apr 2014 17:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246931 The High Court ruled in favor of the assessee on various issues under the Income Tax Act, 1961. It upheld the order directing assessment for 27 months, citing previous decisions. The disallowance of interest and expenses were rejected based on established precedents favoring the assessee. Additionally, the court allowed the appeal regarding the deletion of investment allowance on the distillery unit, following a similar favorable precedent. Ultimately, the court partially allowed the appeal, ruling in favor of the assessee on multiple issues. Case-Laws Income Tax Thu, 24 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246931