https://www.taxtmi.com/caselaws?id=311296 The High Court dismissed the Revenue's appeal and sustained the Tribunal's directions on two income-tax issues. On interest credited to the Interest Suspense Account, the Assessing Officer was directed to verify the assessee's claim that the amount had been written off and, if found correct, allow the claim; the Tribunal's fact-verification approach was endorsed. On the contribution to the retired employees' medical fund, the Tribunal's deletion of the disallowance was upheld, and the Revenue's objection based on disallowance of such contribution was rejected. The assessment proceedings were therefore left to proceed in accordance with the Tribunal's verification and allowance directions. en-us Tue, 18 Jun 2019 00:00:00 +0530 Fri, 20 Dec 2024 13:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311296 The High Court dismissed the Revenue's appeal and sustained the Tribunal's directions on two income-tax issues. On interest credited to the Interest Suspense Account, the Assessing Officer was directed to verify the assessee's claim that the amount had been written off and, if found correct, allow the claim; the Tribunal's fact-verification approach was endorsed. On the contribution to the retired employees' medical fund, the Tribunal's deletion of the disallowance was upheld, and the Revenue's objection based on disallowance of such contribution was rejected. The assessment proceedings were therefore left to proceed in accordance with the Tribunal's verification and allowance directions. Case-Laws Income Tax Tue, 18 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311296