https://www.taxtmi.com/caselaws?id=205607 The Tribunal partly allowed the appeal, directing fresh examination of the deduction under section 37(1) and computation of interest under section 158BFA(1). It clarified the limitation period under section 153(3)(ii) and allowed telescoping of deemed income under section 69-C. The Tribunal emphasized the importance of detailed verification and substantiation of claims by the assessee, providing a clear interpretation of the Income Tax Act provisions. en-us Fri, 27 Aug 2010 00:00:00 +0530 Tue, 13 Sep 2011 09:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205607 The Tribunal partly allowed the appeal, directing fresh examination of the deduction under section 37(1) and computation of interest under section 158BFA(1). It clarified the limitation period under section 153(3)(ii) and allowed telescoping of deemed income under section 69-C. The Tribunal emphasized the importance of detailed verification and substantiation of claims by the assessee, providing a clear interpretation of the Income Tax Act provisions. Case-Laws Income Tax Fri, 27 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205607