https://www.taxtmi.com/caselaws?id=61568 The Tribunal upheld the CIT(A)'s decisions to delete the additions made by the Assessing Officer. In the first issue, the Tribunal agreed with the CIT(A) that the variation in purchase price was justified due to market fluctuations and previous transaction rates. In the second issue, the Tribunal supported the CIT(A)'s ruling that the interest disallowance was unwarranted as it was in line with contractual obligations and business purposes. The Tribunal found no basis for the Revenue's appeal and dismissed it. en-us Tue, 08 Apr 2003 00:00:00 +0530 Thu, 13 Jan 2011 13:05:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61568 The Tribunal upheld the CIT(A)'s decisions to delete the additions made by the Assessing Officer. In the first issue, the Tribunal agreed with the CIT(A) that the variation in purchase price was justified due to market fluctuations and previous transaction rates. In the second issue, the Tribunal supported the CIT(A)'s ruling that the interest disallowance was unwarranted as it was in line with contractual obligations and business purposes. The Tribunal found no basis for the Revenue's appeal and dismissed it. Case-Laws Income Tax Tue, 08 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61568