https://www.taxtmi.com/caselaws?id=27951 The High Court ruled against the Revenue in a case involving disallowance of interest under section 36(1)(iii) of the I.T. Act, finding the disallowance unjustified based on previous decisions. Additionally, the court held that transportation and freight expenses were not eligible for weighted deduction under section 35B, following a previous decision. The court did not address the foreign traveling expenses issue as the Tribunal had already allowed a deduction. The judgment was delivered by Judge R. K. Vijayvargiya, referencing sections 36(1)(iii) and 35B of the I.T. Act, 1961. en-us Tue, 05 Jul 1983 00:00:00 +0530 Wed, 17 Feb 2010 10:41:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27951 The High Court ruled against the Revenue in a case involving disallowance of interest under section 36(1)(iii) of the I.T. Act, finding the disallowance unjustified based on previous decisions. Additionally, the court held that transportation and freight expenses were not eligible for weighted deduction under section 35B, following a previous decision. The court did not address the foreign traveling expenses issue as the Tribunal had already allowed a deduction. The judgment was delivered by Judge R. K. Vijayvargiya, referencing sections 36(1)(iii) and 35B of the I.T. Act, 1961. Case-Laws Income Tax Tue, 05 Jul 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27951