https://www.taxtmi.com/caselaws?id=368707 The tribunal allowed the appeal, confirming that payments to Om Metals Ltd. and Wellwisher Construction and Finance Pvt Ltd. were genuine business expenditures. The interest expense on borrowings for these payments was also allowed as a deduction, consistent with previous rulings for the assessee's prior assessment years. en-us Fri, 05 Oct 2018 00:00:00 +0530 Fri, 12 Oct 2018 09:54:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368707 The tribunal allowed the appeal, confirming that payments to Om Metals Ltd. and Wellwisher Construction and Finance Pvt Ltd. were genuine business expenditures. The interest expense on borrowings for these payments was also allowed as a deduction, consistent with previous rulings for the assessee's prior assessment years. Case-Laws Income Tax Fri, 05 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368707