https://www.taxtmi.com/caselaws?id=342747 The Court dismissed the appeals, upholding the decisions of the CIT(A) and ITAT. It affirmed that demurrage and wharfage charges were deductible under Section 37(1) of the Income Tax Act, provisions for post-retirement benefits were valid and not subject to Section 43B, and interest accrued on an advance was not taxable as no 'real income' was received. The judgment emphasized adherence to legal principles and past precedents in resolving the issues raised by the Revenue. en-us Mon, 24 Apr 2017 00:00:00 +0530 Thu, 11 May 2017 07:10:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342747 The Court dismissed the appeals, upholding the decisions of the CIT(A) and ITAT. It affirmed that demurrage and wharfage charges were deductible under Section 37(1) of the Income Tax Act, provisions for post-retirement benefits were valid and not subject to Section 43B, and interest accrued on an advance was not taxable as no 'real income' was received. The judgment emphasized adherence to legal principles and past precedents in resolving the issues raised by the Revenue. Case-Laws Income Tax Mon, 24 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342747