https://www.taxtmi.com/caselaws?id=382106 The High Court dismissed the revenue's appeal, upholding the Tribunal's decisions on various issues including verification of interest credited to "Interest Suspense Account," deduction for retired employees' benefit scheme, allowance of loss on revaluation of investments, and disallowance of interest expenses related to share purchase. The Court found no substantial question of law in the matters adjudicated, emphasizing the importance of factual verification, genuineness of welfare expenditures, and distinct application of computation principles under different sections of the Income Tax Act. en-us Tue, 18 Jun 2019 00:00:00 +0530 Fri, 24 Jan 2020 17:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382106 The High Court dismissed the revenue's appeal, upholding the Tribunal's decisions on various issues including verification of interest credited to "Interest Suspense Account," deduction for retired employees' benefit scheme, allowance of loss on revaluation of investments, and disallowance of interest expenses related to share purchase. The Court found no substantial question of law in the matters adjudicated, emphasizing the importance of factual verification, genuineness of welfare expenditures, and distinct application of computation principles under different sections of the Income Tax Act. Case-Laws Income Tax Tue, 18 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382106