https://www.taxtmi.com/caselaws?id=338061 The Tribunal allowed the assessee's appeal, dismissing the Revenue's appeal. The decision focused on the business purpose of expenses, sufficiency of own funds for interest expenditure, the capital nature of the subsidy received, and the treatment of excise duty on closing stock of finished goods. The Tribunal emphasized these principles in overturning the lower authorities' disallowances and additions, ultimately ruling in favor of the assessee. en-us Wed, 18 Jan 2017 00:00:00 +0530 Tue, 24 Jan 2017 08:35:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338061 The Tribunal allowed the assessee's appeal, dismissing the Revenue's appeal. The decision focused on the business purpose of expenses, sufficiency of own funds for interest expenditure, the capital nature of the subsidy received, and the treatment of excise duty on closing stock of finished goods. The Tribunal emphasized these principles in overturning the lower authorities' disallowances and additions, ultimately ruling in favor of the assessee. Case-Laws Income Tax Wed, 18 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338061