https://www.taxtmi.com/caselaws?id=58262 The Tribunal allowed the assessee's appeal, permitting the Rs. 1,00,000 bad debt claim as a business loss, treating work-in-progress for relief under section 80J favorably, and allowing interest on sales tax arrears. The Tribunal upheld the disallowance of interest on income-tax arrears, applied section 40(c) for managing director's salaries, and considered commission as part of remuneration. The Tribunal disallowed the gratuity liability provision under section 40A(7) and remitted the interest levy issue under section 215 for fresh examination by the ITO. The departmental appeal was partly allowed, and the cross-objection was dismissed. en-us Fri, 31 Aug 1984 00:00:00 +0530 Sat, 18 Dec 2010 11:59:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58262 The Tribunal allowed the assessee's appeal, permitting the Rs. 1,00,000 bad debt claim as a business loss, treating work-in-progress for relief under section 80J favorably, and allowing interest on sales tax arrears. The Tribunal upheld the disallowance of interest on income-tax arrears, applied section 40(c) for managing director's salaries, and considered commission as part of remuneration. The Tribunal disallowed the gratuity liability provision under section 40A(7) and remitted the interest levy issue under section 215 for fresh examination by the ITO. The departmental appeal was partly allowed, and the cross-objection was dismissed. Case-Laws Income Tax Fri, 31 Aug 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58262