https://www.taxtmi.com/caselaws?id=18911 The court upheld the Tribunal's decisions in favor of the Revenue on all issues. It ruled that the interest paid to relatives of G. N. Agrawal was not deductible, disallowed jetty charges on barge loading expenses, rejected the deduction for gratuity liability due to non-compliance, and denied the deduction of sales tax claim for being paid after the relevant accounting year. The court referenced past rulings to support its decisions, emphasizing that liabilities must be enforceable from the date of demand to be deductible. en-us Wed, 16 Nov 1994 00:00:00 +0530 Mon, 02 Nov 2009 17:19:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18911 The court upheld the Tribunal's decisions in favor of the Revenue on all issues. It ruled that the interest paid to relatives of G. N. Agrawal was not deductible, disallowed jetty charges on barge loading expenses, rejected the deduction for gratuity liability due to non-compliance, and denied the deduction of sales tax claim for being paid after the relevant accounting year. The court referenced past rulings to support its decisions, emphasizing that liabilities must be enforceable from the date of demand to be deductible. Case-Laws Income Tax Wed, 16 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18911