https://www.taxtmi.com/caselaws?id=64274 The Tribunal dismissed the Department's appeal against the deletion of disallowance under s. 43B for unpaid interest to a financial institution. The CIT(A) accepted the assessee's plea, emphasizing the necessity of evidence as per CBDT Circular No. 601. The Tribunal upheld this decision, noting ongoing regular assessment proceedings allowing the assessee to provide proof of payment. Referring to CBDT Circular No. 669, the Tribunal found no fault in the CIT(A)'s decision, ultimately ruling in favor of the assessee. en-us Wed, 26 Mar 1997 00:00:00 +0530 Sat, 05 Feb 2011 17:35:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64274 The Tribunal dismissed the Department's appeal against the deletion of disallowance under s. 43B for unpaid interest to a financial institution. The CIT(A) accepted the assessee's plea, emphasizing the necessity of evidence as per CBDT Circular No. 601. The Tribunal upheld this decision, noting ongoing regular assessment proceedings allowing the assessee to provide proof of payment. Referring to CBDT Circular No. 669, the Tribunal found no fault in the CIT(A)'s decision, ultimately ruling in favor of the assessee. Case-Laws Income Tax Wed, 26 Mar 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64274