https://www.taxtmi.com/caselaws?id=189005 The High Court upheld the deletion of disallowances on interest payment and excess realization on the sale of cement by the Income-Tax Appellate Tribunal. The Court agreed with the Tribunal's findings that the interest component was already included in the sales price due to subsidies received from the Government, and the excess realization on cement sales was not income but a receipt to be refunded. As a result, the Court dismissed the Tax Appeal, finding no substantial question of law. en-us Tue, 15 Mar 2011 00:00:00 +0530 Fri, 23 Dec 2016 11:54:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189005 The High Court upheld the deletion of disallowances on interest payment and excess realization on the sale of cement by the Income-Tax Appellate Tribunal. The Court agreed with the Tribunal's findings that the interest component was already included in the sales price due to subsidies received from the Government, and the excess realization on cement sales was not income but a receipt to be refunded. As a result, the Court dismissed the Tax Appeal, finding no substantial question of law. Case-Laws Income Tax Tue, 15 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189005