https://www.taxtmi.com/caselaws?id=370970 The tribunal allowed the appellant's appeal by overturning the disallowance of the provision for interest expenses related to government loans. The tribunal found that the provision made for accumulated interest on government loans was not covered under section 43B of the Act, as it pertained to loans from specified financial institutions. Therefore, the tribunal reversed the lower authorities' decision and held that the provision for interest was allowable. en-us Wed, 18 Jul 2018 00:00:00 +0530 Mon, 26 Nov 2018 09:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370970 The tribunal allowed the appellant's appeal by overturning the disallowance of the provision for interest expenses related to government loans. The tribunal found that the provision made for accumulated interest on government loans was not covered under section 43B of the Act, as it pertained to loans from specified financial institutions. Therefore, the tribunal reversed the lower authorities' decision and held that the provision for interest was allowable. Case-Laws Income Tax Wed, 18 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370970