https://www.taxtmi.com/caselaws?id=59080 The Departmental appeal was dismissed, while the assessee's appeal was partly allowed on specific grounds. The disallowance under section 43B of the IT Act was rejected as payments were made within the prescribed time. The entitlement for investment allowance under section 32A was allowed for texturizing yarn manufacturing. The issue of interest on interest-free loans was remanded for further examination. Disallowance of ex gratia payments and sundry balances written off was upheld. The disallowance under section 80VV was remanded for clarification. The mentioning of carried forward losses/allowances/reliefs was deemed correct with a reminder for rectification if necessary. en-us Tue, 18 May 1993 00:00:00 +0530 Thu, 23 Dec 2010 18:05:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59080 The Departmental appeal was dismissed, while the assessee's appeal was partly allowed on specific grounds. The disallowance under section 43B of the IT Act was rejected as payments were made within the prescribed time. The entitlement for investment allowance under section 32A was allowed for texturizing yarn manufacturing. The issue of interest on interest-free loans was remanded for further examination. Disallowance of ex gratia payments and sundry balances written off was upheld. The disallowance under section 80VV was remanded for clarification. The mentioning of carried forward losses/allowances/reliefs was deemed correct with a reminder for rectification if necessary. Case-Laws Income Tax Tue, 18 May 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59080