https://www.taxtmi.com/caselaws?id=440630 The Tribunal upheld the CIT(A)'s decisions regarding interest liability, disallowed expenses, and bad debts, emphasizing business expediency and legal obligations. The Tribunal ruled in favor of the assessee, stating the expenses were deductible under Section 37 of the Income Tax Act. The appeal by the Revenue was dismissed on 19th July 2023. en-us Wed, 19 Jul 2023 00:00:00 +0530 Mon, 24 Jul 2023 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440630 The Tribunal upheld the CIT(A)'s decisions regarding interest liability, disallowed expenses, and bad debts, emphasizing business expediency and legal obligations. The Tribunal ruled in favor of the assessee, stating the expenses were deductible under Section 37 of the Income Tax Act. The appeal by the Revenue was dismissed on 19th July 2023. Case-Laws Income Tax Wed, 19 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440630