https://www.taxtmi.com/caselaws?id=402454 The tribunal allowed the appeal, reversing the disallowance of Rs. 1,13,41,361 and the income enhancement by the CIT(A). It found the interest payment to the trustee reasonable, contrary to the excessive claim. The tribunal held that the Delhi High Court judgment was inapplicable and justified the interest payments as necessary for regulatory compliance, ultimately ruling in favor of the assessee. en-us Tue, 10 Nov 2020 00:00:00 +0530 Sat, 02 Jan 2021 12:20:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402454 The tribunal allowed the appeal, reversing the disallowance of Rs. 1,13,41,361 and the income enhancement by the CIT(A). It found the interest payment to the trustee reasonable, contrary to the excessive claim. The tribunal held that the Delhi High Court judgment was inapplicable and justified the interest payments as necessary for regulatory compliance, ultimately ruling in favor of the assessee. Case-Laws Income Tax Tue, 10 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402454