https://www.taxtmi.com/caselaws?id=123043 The appeal was partly allowed as the Tribunal deleted the addition of Rs. 13,29,206 on account of salary and interest. The Tribunal disagreed with the Assessing Officer's decision to disallow the deduction based on non-compliance with certain provisions of the Income-tax Act. It was held that once the books of account were produced, the deduction of interest and salary should be allowed. Therefore, the Tribunal concluded in favor of the appellant on this issue, deleting the disputed addition and allowing ground No. 2 of the appeal. en-us Mon, 31 May 2010 00:00:00 +0530 Thu, 30 Aug 2012 14:15:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123043 The appeal was partly allowed as the Tribunal deleted the addition of Rs. 13,29,206 on account of salary and interest. The Tribunal disagreed with the Assessing Officer's decision to disallow the deduction based on non-compliance with certain provisions of the Income-tax Act. It was held that once the books of account were produced, the deduction of interest and salary should be allowed. Therefore, the Tribunal concluded in favor of the appellant on this issue, deleting the disputed addition and allowing ground No. 2 of the appeal. Case-Laws Income Tax Mon, 31 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123043