https://www.taxtmi.com/caselaws?id=35243 The High Court upheld the decisions of the Tribunal and CIT(A) in favor of the assessee on all three issues. The Court ruled against the revenue, emphasizing the importance of consistency in tax assessments. The judgment clarified the deduction for waiver of interest, treatment of interest remitted, and the opportunity for creating reserves under the relevant provisions of the IT Act. en-us Wed, 04 Nov 2009 00:00:00 +0530 Tue, 13 Jul 2010 11:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35243 The High Court upheld the decisions of the Tribunal and CIT(A) in favor of the assessee on all three issues. The Court ruled against the revenue, emphasizing the importance of consistency in tax assessments. The judgment clarified the deduction for waiver of interest, treatment of interest remitted, and the opportunity for creating reserves under the relevant provisions of the IT Act. Case-Laws Income Tax Wed, 04 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35243