https://www.taxtmi.com/caselaws?id=218643 The Tribunal directed a fresh assessment by the AO to establish a direct link between expenses and income, specifically regarding interest earned on Fixed Deposits and various operational expenses during liquidation. The Tribunal emphasized proving the nexus between Government loans, FDRs, and interest income, as well as verifying the nature of expenses incurred for rental income. The appeal was treated as allowed for statistical purposes pending the outcome of the re-assessment. en-us Fri, 13 Jan 2012 00:00:00 +0530 Thu, 22 Nov 2012 07:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218643 The Tribunal directed a fresh assessment by the AO to establish a direct link between expenses and income, specifically regarding interest earned on Fixed Deposits and various operational expenses during liquidation. The Tribunal emphasized proving the nexus between Government loans, FDRs, and interest income, as well as verifying the nature of expenses incurred for rental income. The appeal was treated as allowed for statistical purposes pending the outcome of the re-assessment. Case-Laws Income Tax Fri, 13 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218643