https://www.taxtmi.com/caselaws?id=196423 The Tribunal allowed the assessee's appeal regarding the adjustment of closing stock value by excise duty under section 145A, following the decision in Mahavir Aluminium Limited. The disallowance of excess interest payment under section 40A(2)(b) was deleted, considering the terms of bank loans and unsecured loans. Regarding deductions under sections 80HHC and 80IB, certain receipts were included or excluded based on the Tribunal's findings, with some aspects remanded for verification. The appeals in similar cases were also partly allowed. en-us Fri, 26 Feb 2010 00:00:00 +0530 Thu, 30 Nov 2017 12:38:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196423 The Tribunal allowed the assessee's appeal regarding the adjustment of closing stock value by excise duty under section 145A, following the decision in Mahavir Aluminium Limited. The disallowance of excess interest payment under section 40A(2)(b) was deleted, considering the terms of bank loans and unsecured loans. Regarding deductions under sections 80HHC and 80IB, certain receipts were included or excluded based on the Tribunal's findings, with some aspects remanded for verification. The appeals in similar cases were also partly allowed. Case-Laws Income Tax Fri, 26 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196423