https://www.taxtmi.com/caselaws?id=178219 The appeal of the assessee was allowed by the Tribunal, despite a 15-day delay in filing, as the explanation for the delay was deemed bona fide. The disallowed expenditure of Rs. 6,71,60,000 was allowed as a deduction, as it was considered to be interest liability on revenue account. The Tribunal held that the issuance of CRPS constituted a constructive payment, allowing for the applicability of Section 43B. Therefore, the assessee's appeal was successful, and the order was pronounced on 9-5-2008. en-us Fri, 09 May 2008 00:00:00 +0530 Sat, 30 Jan 2016 13:01:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178219 The appeal of the assessee was allowed by the Tribunal, despite a 15-day delay in filing, as the explanation for the delay was deemed bona fide. The disallowed expenditure of Rs. 6,71,60,000 was allowed as a deduction, as it was considered to be interest liability on revenue account. The Tribunal held that the issuance of CRPS constituted a constructive payment, allowing for the applicability of Section 43B. Therefore, the assessee's appeal was successful, and the order was pronounced on 9-5-2008. Case-Laws Income Tax Fri, 09 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178219