https://www.taxtmi.com/caselaws?id=397869 The Tribunal upheld the CIT(A)'s decision to allow the deduction of Rs. 3,38,00,000 towards payment made to Mumbai Port Trust under Section 23 of the Income Tax Act. Additionally, the Tribunal directed the Assessing Officer to verify the allowability of interest paid to BPT under Section 24. The delay in pronouncement of the order was justified due to the COVID-19 lockdown, with the Tribunal excluding the lockdown period from the 90-day limit for order pronouncement. en-us Tue, 25 Aug 2020 00:00:00 +0530 Mon, 31 Aug 2020 18:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397869 The Tribunal upheld the CIT(A)'s decision to allow the deduction of Rs. 3,38,00,000 towards payment made to Mumbai Port Trust under Section 23 of the Income Tax Act. Additionally, the Tribunal directed the Assessing Officer to verify the allowability of interest paid to BPT under Section 24. The delay in pronouncement of the order was justified due to the COVID-19 lockdown, with the Tribunal excluding the lockdown period from the 90-day limit for order pronouncement. Case-Laws Income Tax Tue, 25 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397869