https://www.taxtmi.com/caselaws?id=204296 The court found that the appellate court and Tribunal committed substantial illegality by deleting the addition concerning interest on the loan without proper justification and consideration of the facts and circumstances. The principle of consistency was held not to apply due to the substantial revenue involved and the lack of proper consideration by the appellate authorities. The appeal was allowed, and the assessee was not entitled to benefit from the principle of consistency. The Assessing Officer's assessment of income based on the material on record was upheld, with no order as to costs. en-us Mon, 24 May 2010 00:00:00 +0530 Mon, 24 Dec 2012 12:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204296 The court found that the appellate court and Tribunal committed substantial illegality by deleting the addition concerning interest on the loan without proper justification and consideration of the facts and circumstances. The principle of consistency was held not to apply due to the substantial revenue involved and the lack of proper consideration by the appellate authorities. The appeal was allowed, and the assessee was not entitled to benefit from the principle of consistency. The Assessing Officer's assessment of income based on the material on record was upheld, with no order as to costs. Case-Laws Income Tax Mon, 24 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204296