https://www.taxtmi.com/caselaws?id=350748 The Tribunal upheld the Ld. CIT (A)'s decisions, dismissing the Revenue's appeal. The disallowance of interest during the construction period and the provision for other retirement benefits were allowed based on established legal precedents, including rulings in favor of the Assessee in similar cases. The Tribunal found no irregularity in setting off interest earned against interest paid on borrowings and permitting the provision for future retirement benefits, emphasizing compliance with accounting standards and judicial precedents. en-us Tue, 26 Sep 2017 00:00:00 +0530 Fri, 10 Nov 2017 17:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350748 The Tribunal upheld the Ld. CIT (A)'s decisions, dismissing the Revenue's appeal. The disallowance of interest during the construction period and the provision for other retirement benefits were allowed based on established legal precedents, including rulings in favor of the Assessee in similar cases. The Tribunal found no irregularity in setting off interest earned against interest paid on borrowings and permitting the provision for future retirement benefits, emphasizing compliance with accounting standards and judicial precedents. Case-Laws Income Tax Tue, 26 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350748