https://www.taxtmi.com/caselaws?id=18706 The Tribunal's decision to delete the provision of interest was upheld, as it was found that the interest accrued during the transition from cash to mercantile accounting systems could be allowed under the Companies Act amendment. The Tribunal determined that the genuineness of interest payments was a factual finding and did not give rise to a question of law. Therefore, the reference application under section 256(2) was rejected, and the Tribunal's decision was upheld without costs. en-us Tue, 28 Nov 1995 00:00:00 +0530 Sat, 31 Oct 2009 15:05:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18706 The Tribunal's decision to delete the provision of interest was upheld, as it was found that the interest accrued during the transition from cash to mercantile accounting systems could be allowed under the Companies Act amendment. The Tribunal determined that the genuineness of interest payments was a factual finding and did not give rise to a question of law. Therefore, the reference application under section 256(2) was rejected, and the Tribunal's decision was upheld without costs. Case-Laws Income Tax Tue, 28 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18706