https://www.taxtmi.com/caselaws?id=179857 The High Court upheld the Tribunal's decisions across all issues. It affirmed the Tribunal's ruling in favor of the assessee regarding the non-addition of receivable interest on loans to a subsidiary, deduction of incentives to Dock Labour Board workers, and non-inclusion of interest from Sundaram Industries. The Court also supported the deletion of 20% of the value of tools written off and dismissed the addition of various receipts based on the accrual system, citing consistency in accounting practices. The High Court found no grounds for interference, maintaining the Tribunal's conclusions and dismissing the appeals. en-us Mon, 26 Feb 2007 00:00:00 +0530 Thu, 22 Feb 2024 10:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179857 The High Court upheld the Tribunal's decisions across all issues. It affirmed the Tribunal's ruling in favor of the assessee regarding the non-addition of receivable interest on loans to a subsidiary, deduction of incentives to Dock Labour Board workers, and non-inclusion of interest from Sundaram Industries. The Court also supported the deletion of 20% of the value of tools written off and dismissed the addition of various receipts based on the accrual system, citing consistency in accounting practices. The High Court found no grounds for interference, maintaining the Tribunal's conclusions and dismissing the appeals. Case-Laws Income Tax Mon, 26 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179857