https://www.taxtmi.com/caselaws?id=415254 The court dismissed the appeal, affirming the decisions of the ITAT on all three issues. Travel expenses were considered accrued liabilities and deductible. The respondent qualified for deduction under Section 80IA as an industrial undertaking, with the deduction applicable despite declared business losses, computed unit-wise. Additionally, the interest on borrowed capital was found to be deductible under Section 36(1)(iii). en-us Mon, 22 Nov 2021 00:00:00 +0530 Mon, 23 Feb 2026 15:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415254 The court dismissed the appeal, affirming the decisions of the ITAT on all three issues. Travel expenses were considered accrued liabilities and deductible. The respondent qualified for deduction under Section 80IA as an industrial undertaking, with the deduction applicable despite declared business losses, computed unit-wise. Additionally, the interest on borrowed capital was found to be deductible under Section 36(1)(iii). Case-Laws Income Tax Mon, 22 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415254