https://www.taxtmi.com/caselaws?id=273671 The court upheld the Tribunal's decision allowing the provision of expenses calculated on an estimate basis and the interest expenditure claimed by the assessee. The court found that the provision of expenses was justified as the actual expenditure exceeded the estimated amount in future years. Additionally, the interest expenditure was deemed allowable under Section 36(1)(iii) of the Income Tax Act, in line with the accounting policies followed by the assessee. The court dismissed the appeals, affirming the decisions in favor of the assessee without identifying any substantial question of law. en-us Tue, 07 Nov 2017 00:00:00 +0530 Mon, 09 Jul 2018 08:20:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273671 The court upheld the Tribunal's decision allowing the provision of expenses calculated on an estimate basis and the interest expenditure claimed by the assessee. The court found that the provision of expenses was justified as the actual expenditure exceeded the estimated amount in future years. Additionally, the interest expenditure was deemed allowable under Section 36(1)(iii) of the Income Tax Act, in line with the accounting policies followed by the assessee. The court dismissed the appeals, affirming the decisions in favor of the assessee without identifying any substantial question of law. Case-Laws Income Tax Tue, 07 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273671