https://www.taxtmi.com/caselaws?id=444152 The appeals involved challenges to disallowance of interest expenses for assessment years 2010-11 and 2011-12. The Tribunal allowed both appeals, overturning decisions of lower authorities. In the case of assessment year 2010-11, the Tribunal found the denial of the interest payment claim unjustified, as the Revenue did not dispute the interest payment made by the assessee. Similarly, for assessment year 2011-12, the Tribunal considered the issues identical and allowed the appeal, concluding that the basis for denying the interest payment claim was incorrect. en-us Fri, 06 Oct 2023 00:00:00 +0530 Mon, 09 Oct 2023 18:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444152 The appeals involved challenges to disallowance of interest expenses for assessment years 2010-11 and 2011-12. The Tribunal allowed both appeals, overturning decisions of lower authorities. In the case of assessment year 2010-11, the Tribunal found the denial of the interest payment claim unjustified, as the Revenue did not dispute the interest payment made by the assessee. Similarly, for assessment year 2011-12, the Tribunal considered the issues identical and allowed the appeal, concluding that the basis for denying the interest payment claim was incorrect. Case-Laws Income Tax Fri, 06 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444152