https://www.taxtmi.com/caselaws?id=56631 The Tribunal allowed the appeal, overturning disallowances of interest paid, hire charges estimation, and machinery expenses. It held that interest paid by the assessee was for business purposes, hire charges estimation was unnecessary, and machinery expenses were genuine. The decision was based on accounting principles and judicial precedents favoring the assessee's position. en-us Thu, 23 Dec 1993 00:00:00 +0530 Mon, 06 Dec 2010 09:59:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56631 The Tribunal allowed the appeal, overturning disallowances of interest paid, hire charges estimation, and machinery expenses. It held that interest paid by the assessee was for business purposes, hire charges estimation was unnecessary, and machinery expenses were genuine. The decision was based on accounting principles and judicial precedents favoring the assessee's position. Case-Laws Income Tax Thu, 23 Dec 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56631