https://www.taxtmi.com/caselaws?id=264969 The Tribunal allowed the appeal filed by the assessee, setting aside the CIT(A)'s orders on both issues. The Tribunal ruled that no disallowance was warranted under Section 36(1)(va) for the late payment of ESIC contributions, and similarly, no disallowance of proportionate interest was justified for the interest-free loans and advances extended for non-business purposes. The appeal was thus allowed in favor of the assessee. en-us Fri, 04 Sep 2015 00:00:00 +0530 Sun, 04 Oct 2015 21:38:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264969 The Tribunal allowed the appeal filed by the assessee, setting aside the CIT(A)'s orders on both issues. The Tribunal ruled that no disallowance was warranted under Section 36(1)(va) for the late payment of ESIC contributions, and similarly, no disallowance of proportionate interest was justified for the interest-free loans and advances extended for non-business purposes. The appeal was thus allowed in favor of the assessee. Case-Laws Income Tax Fri, 04 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264969