https://www.taxtmi.com/caselaws?id=56334 The Tribunal directed the ITO to allow the entire interest expenditure claimed by the cloth dealer as business expenditure. The Tribunal confirmed the deduction of commission payments except for a portion remanded for further verification. The inclusion of income from a trust in the assessee's income was rejected, and the disallowance of interest paid on old deposits was overturned. The Revenue's appeal was dismissed, and the assessee's appeal was partly allowed for statistical purposes. en-us Fri, 14 Sep 1990 00:00:00 +0530 Fri, 03 Dec 2010 11:24:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56334 The Tribunal directed the ITO to allow the entire interest expenditure claimed by the cloth dealer as business expenditure. The Tribunal confirmed the deduction of commission payments except for a portion remanded for further verification. The inclusion of income from a trust in the assessee's income was rejected, and the disallowance of interest paid on old deposits was overturned. The Revenue's appeal was dismissed, and the assessee's appeal was partly allowed for statistical purposes. Case-Laws Income Tax Fri, 14 Sep 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56334