https://www.taxtmi.com/caselaws?id=35690 The Court ruled in favor of the assessee and against the revenue, finding the disallowance of interest, commission, stamp charges, and penalties unjustified. The Tribunal's decisions to disallow these deductions and impose penalties were overturned based on settlement agreements under voluntary disclosure schemes, which covered all borrowings. The Court ordered the Commissioner to pay the costs of the reference to the assessee. en-us Thu, 22 Jan 1981 00:00:00 +0530 Tue, 16 Mar 2010 11:27:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35690 The Court ruled in favor of the assessee and against the revenue, finding the disallowance of interest, commission, stamp charges, and penalties unjustified. The Tribunal's decisions to disallow these deductions and impose penalties were overturned based on settlement agreements under voluntary disclosure schemes, which covered all borrowings. The Court ordered the Commissioner to pay the costs of the reference to the assessee. Case-Laws Income Tax Thu, 22 Jan 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35690