https://www.taxtmi.com/caselaws?id=252189 The Tribunal partially allowed the Assessee's appeal, upholding the legitimacy of the excise duty payments as a business expenditure under section 37(1). It determined that the payments to the Excise Department were not subject to TDS under section 194C, thus section 40(a)(ia) did not apply. However, the Tribunal referred the issue of interest liability back to the AO for examination under section 43B to ascertain if any disallowance was warranted. The appeal was partly allowed for statistical purposes, directing the AO to investigate the interest liability further. en-us Tue, 16 Sep 2014 00:00:00 +0530 Tue, 14 Oct 2014 08:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252189 The Tribunal partially allowed the Assessee's appeal, upholding the legitimacy of the excise duty payments as a business expenditure under section 37(1). It determined that the payments to the Excise Department were not subject to TDS under section 194C, thus section 40(a)(ia) did not apply. However, the Tribunal referred the issue of interest liability back to the AO for examination under section 43B to ascertain if any disallowance was warranted. The appeal was partly allowed for statistical purposes, directing the AO to investigate the interest liability further. Case-Laws Income Tax Tue, 16 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252189