https://www.taxtmi.com/caselaws?id=331896 The Tribunal allowed the appeal of the investment company, ruling that the finance charges were an accrued liability and should be deductible. The Tribunal disagreed with the Assessing Officer and CIT(A)'s view that the liability was contingent and not allowable under Section 37 or Section 43B of the Income-tax Act, 1961. en-us Fri, 26 Aug 2016 00:00:00 +0530 Mon, 05 Sep 2016 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331896 The Tribunal allowed the appeal of the investment company, ruling that the finance charges were an accrued liability and should be deductible. The Tribunal disagreed with the Assessing Officer and CIT(A)'s view that the liability was contingent and not allowable under Section 37 or Section 43B of the Income-tax Act, 1961. Case-Laws Income Tax Fri, 26 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331896