https://www.taxtmi.com/caselaws?id=249222 The Appellate Tribunal ruled in favor of the assessee in both issues. The disallowance of overdue interest reserve was overturned, with the Tribunal allowing the claim based on RBI guidelines. Additionally, the disallowance of payment to the Internal Tax Auditor was rejected, as the payments were considered salary payments not subject to TDS. The Tribunal upheld the assessee's position, dismissing the revenue's appeal and affirming the lower authorities' decisions in favor of the assessee. en-us Wed, 02 Jul 2014 00:00:00 +0530 Tue, 08 Jul 2014 08:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249222 The Appellate Tribunal ruled in favor of the assessee in both issues. The disallowance of overdue interest reserve was overturned, with the Tribunal allowing the claim based on RBI guidelines. Additionally, the disallowance of payment to the Internal Tax Auditor was rejected, as the payments were considered salary payments not subject to TDS. The Tribunal upheld the assessee's position, dismissing the revenue's appeal and affirming the lower authorities' decisions in favor of the assessee. Case-Laws Income Tax Wed, 02 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249222