https://www.taxtmi.com/caselaws?id=397969 The Tribunal allowed the appeal of the assessee, directing the Assessing Officer to delete the disallowances related to interest on entry tax and charges for delay in supply. The Tribunal emphasized that both expenditures were laid out wholly and exclusively for the purpose of the business and thus deductible under section 37(1) of the Income Tax Act, 1961. en-us Wed, 26 Aug 2020 00:00:00 +0530 Thu, 03 Sep 2020 09:58:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397969 The Tribunal allowed the appeal of the assessee, directing the Assessing Officer to delete the disallowances related to interest on entry tax and charges for delay in supply. The Tribunal emphasized that both expenditures were laid out wholly and exclusively for the purpose of the business and thus deductible under section 37(1) of the Income Tax Act, 1961. Case-Laws Income Tax Wed, 26 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397969