https://www.taxtmi.com/caselaws?id=406755 The High Court upheld the ITAT order for the assessment year 2008-2009 in favor of the assessee. The deletions made to disallowances related to provision for post-retirement medical expenses were upheld, citing a definite liability as per Accounting Standard 15. Additionally, the interest income of the Cooperative Electrical Supply Society Ltd, Siricilla, already taxed in the society's hands, was not taxable in the assessee's hands. The High Court found no substantial question of law in these matters and admitted the appeal only on the issue of interest income of the cooperative society. en-us Wed, 07 Apr 2021 00:00:00 +0530 Wed, 21 Apr 2021 12:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406755 The High Court upheld the ITAT order for the assessment year 2008-2009 in favor of the assessee. The deletions made to disallowances related to provision for post-retirement medical expenses were upheld, citing a definite liability as per Accounting Standard 15. Additionally, the interest income of the Cooperative Electrical Supply Society Ltd, Siricilla, already taxed in the society's hands, was not taxable in the assessee's hands. The High Court found no substantial question of law in these matters and admitted the appeal only on the issue of interest income of the cooperative society. Case-Laws Income Tax Wed, 07 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406755