https://www.taxtmi.com/caselaws?id=342567 The High Court dismissed the Tax Appeal regarding the excess payment of interest expenditure, upholding the tribunal's decision that the interest paid at a higher rate was justified due to commercial expediency. The court also upheld the dismissal of the appeal concerning the set off and carry forward of unabsorbed depreciation based on precedent. The judgment emphasized the importance of commercial expediency in determining interest rates and the significance of established legal decisions in similar matters. en-us Fri, 28 Apr 2017 00:00:00 +0530 Thu, 19 Jul 2018 17:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342567 The High Court dismissed the Tax Appeal regarding the excess payment of interest expenditure, upholding the tribunal's decision that the interest paid at a higher rate was justified due to commercial expediency. The court also upheld the dismissal of the appeal concerning the set off and carry forward of unabsorbed depreciation based on precedent. The judgment emphasized the importance of commercial expediency in determining interest rates and the significance of established legal decisions in similar matters. Case-Laws Income Tax Fri, 28 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342567