https://www.taxtmi.com/caselaws?id=251176 The assessee's appeal was partly allowed for statistical purposes, with the Tribunal remanding the disallowance of commission/brokerage expenses back to the Assessing Officer for verification. The interest subsidy was deemed a capital receipt, benefiting the assessee. The Revenue's appeal was dismissed as the Tribunal upheld the deletion of additions on account of fall in Gross Profit and disallowance of interest under section 40A(2)(b) due to lack of contrary evidence and excessive interest rate arguments. en-us Thu, 28 Aug 2014 00:00:00 +0530 Sun, 07 Sep 2014 18:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251176 The assessee's appeal was partly allowed for statistical purposes, with the Tribunal remanding the disallowance of commission/brokerage expenses back to the Assessing Officer for verification. The interest subsidy was deemed a capital receipt, benefiting the assessee. The Revenue's appeal was dismissed as the Tribunal upheld the deletion of additions on account of fall in Gross Profit and disallowance of interest under section 40A(2)(b) due to lack of contrary evidence and excessive interest rate arguments. Case-Laws Income Tax Thu, 28 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251176