https://www.taxtmi.com/caselaws?id=348912 The Tribunal upheld the CIT(A)'s decisions on all issues, dismissing the Revenue's appeal. Interest expenses on delayed service tax and TDS payments were deemed allowable. The addition for unexplained freight expenses was deleted due to satisfactory reconciliation. Additionally, the additions for interest on sundry debtors and advances were dismissed as the AO failed to establish diversion of interest-bearing funds for non-business purposes. en-us Wed, 30 Aug 2017 00:00:00 +0530 Thu, 25 Jan 2018 11:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348912 The Tribunal upheld the CIT(A)'s decisions on all issues, dismissing the Revenue's appeal. Interest expenses on delayed service tax and TDS payments were deemed allowable. The addition for unexplained freight expenses was deleted due to satisfactory reconciliation. Additionally, the additions for interest on sundry debtors and advances were dismissed as the AO failed to establish diversion of interest-bearing funds for non-business purposes. Case-Laws Income Tax Wed, 30 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348912