https://www.taxtmi.com/caselaws?id=277287 The Tribunal upheld the Ld. Commissioner of Income Tax (Appeals) decision to allow a claimed provisional liability of &8377; 40,81,730 for various expenses by the assessee, citing past acceptance and the mercantile accounting system. The Tribunal dismissed the Revenue's appeal regarding the allowability of interest on late deposits of excise duty and trade tax, deeming the payments compensatory and permissible based on a High Court decision. The judgment favored the assessee, with the Revenue's appeal being dismissed on 12th July, 2013, by Shri A.D. Jain and Shri J. Sudhakar Reddy, JJ. en-us Fri, 12 Jul 2013 00:00:00 +0530 Fri, 30 Nov 2018 12:50:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277287 The Tribunal upheld the Ld. Commissioner of Income Tax (Appeals) decision to allow a claimed provisional liability of &8377; 40,81,730 for various expenses by the assessee, citing past acceptance and the mercantile accounting system. The Tribunal dismissed the Revenue's appeal regarding the allowability of interest on late deposits of excise duty and trade tax, deeming the payments compensatory and permissible based on a High Court decision. The judgment favored the assessee, with the Revenue's appeal being dismissed on 12th July, 2013, by Shri A.D. Jain and Shri J. Sudhakar Reddy, JJ. Case-Laws Income Tax Fri, 12 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277287