https://www.taxtmi.com/caselaws?id=269586 The tribunal upheld the ld. CIT(A)'s decision on all grounds, dismissing the Revenue's appeal. The reduction of book profit under section 43B, acceptance of interest liability payment through reversal accounting entries, claim of interest deduction not made in the return of income, disallowance under section 43B for PF and ESI contributions, and disallowance on vehicle/telephone expenses were all ruled in favor of the assessee. The tribunal found the accounting treatments and principles to be correct, leading to the dismissal of the Revenue's appeal in its entirety. en-us Thu, 28 Aug 2014 00:00:00 +0530 Thu, 17 Dec 2015 06:44:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269586 The tribunal upheld the ld. CIT(A)'s decision on all grounds, dismissing the Revenue's appeal. The reduction of book profit under section 43B, acceptance of interest liability payment through reversal accounting entries, claim of interest deduction not made in the return of income, disallowance under section 43B for PF and ESI contributions, and disallowance on vehicle/telephone expenses were all ruled in favor of the assessee. The tribunal found the accounting treatments and principles to be correct, leading to the dismissal of the Revenue's appeal in its entirety. Case-Laws Income Tax Thu, 28 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269586