https://www.taxtmi.com/caselaws?id=312565 The ITAT adjudicated cross appeals concerning CIT(A)'s order for A.Y. 2003-04. In the assessee's appeal, the Tribunal allowed claims for interest on excess sugar price and interest liability, following prior decisions. The claim of bad debt was dismissed as unpressed, and the treatment of interest income was deemed premature. In the revenue's appeal, the Tribunal upheld CIT(A)'s deletion of disallowances regarding interest on late PF payments and interest-free loans. Ultimately, the assessee's appeal was partly allowed, while the revenue's appeal was dismissed. en-us Fri, 07 Aug 2009 00:00:00 +0530 Sat, 24 Feb 2024 12:22:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312565 The ITAT adjudicated cross appeals concerning CIT(A)'s order for A.Y. 2003-04. In the assessee's appeal, the Tribunal allowed claims for interest on excess sugar price and interest liability, following prior decisions. The claim of bad debt was dismissed as unpressed, and the treatment of interest income was deemed premature. In the revenue's appeal, the Tribunal upheld CIT(A)'s deletion of disallowances regarding interest on late PF payments and interest-free loans. Ultimately, the assessee's appeal was partly allowed, while the revenue's appeal was dismissed. Case-Laws Income Tax Fri, 07 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312565