https://www.taxtmi.com/caselaws?id=209428 The Tribunal remitted the case back to the Assessing Officer to determine the deductibility of interest paid on shares held as investment, emphasizing the need for a clear finding on the purpose of holding shares. The Tribunal also directed a fresh examination on the applicability of sections 36(1)(iii) or 57(iii) for interest deduction and ruled out revisiting disallowance under section 14A for previous assessment years where no specific disallowance was made initially. All appeals were allowed for statistical purposes, with the matters being sent back for reassessment by the Assessing Officer. en-us Mon, 20 Dec 2010 00:00:00 +0530 Sat, 20 Jul 2013 15:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209428 The Tribunal remitted the case back to the Assessing Officer to determine the deductibility of interest paid on shares held as investment, emphasizing the need for a clear finding on the purpose of holding shares. The Tribunal also directed a fresh examination on the applicability of sections 36(1)(iii) or 57(iii) for interest deduction and ruled out revisiting disallowance under section 14A for previous assessment years where no specific disallowance was made initially. All appeals were allowed for statistical purposes, with the matters being sent back for reassessment by the Assessing Officer. Case-Laws Income Tax Mon, 20 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209428