https://www.taxtmi.com/caselaws?id=216842 The Tribunal partly allowed the appellant's appeal, setting aside the addition of interest payment and directing a re-examination of the unexplained investment in M/s. Neela Associates. The Tribunal found that the interest expenses were genuine and allowable under sec.57 (iii) as they were utilized for income generation. The matter was restored to the Assessing Officer for further examination based on additional evidence submitted by the appellant. en-us Mon, 09 Jul 2012 00:00:00 +0530 Thu, 13 Sep 2012 18:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216842 The Tribunal partly allowed the appellant's appeal, setting aside the addition of interest payment and directing a re-examination of the unexplained investment in M/s. Neela Associates. The Tribunal found that the interest expenses were genuine and allowable under sec.57 (iii) as they were utilized for income generation. The matter was restored to the Assessing Officer for further examination based on additional evidence submitted by the appellant. Case-Laws Income Tax Mon, 09 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216842