https://www.taxtmi.com/caselaws?id=385547 The High Court upheld the Tribunal's decision to allow the Assessee's claim for interest on delayed payment of Custom Duty and Penalty under Section 37 of the Income Tax Act, 1961, based on legal precedents. As no contrary decisions were found, the appeal was dismissed as it did not raise a substantial question of law. The second issue regarding entitlement to claim expenditure under Section 43B was not considered due to the resolution of the first issue in favor of the Assessee. en-us Tue, 27 Aug 2019 00:00:00 +0530 Fri, 06 Sep 2019 19:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385547 The High Court upheld the Tribunal's decision to allow the Assessee's claim for interest on delayed payment of Custom Duty and Penalty under Section 37 of the Income Tax Act, 1961, based on legal precedents. As no contrary decisions were found, the appeal was dismissed as it did not raise a substantial question of law. The second issue regarding entitlement to claim expenditure under Section 43B was not considered due to the resolution of the first issue in favor of the Assessee. Case-Laws Income Tax Tue, 27 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385547