https://www.taxtmi.com/caselaws?id=218741 The Tribunal ruled in favor of the assessee, directing the AO to delete the notional interest added to the income due to financial instability of the borrower and uncertainties in recovering the principal amount. The assessments for the specified years were reopened but not contested further by the assessee. en-us Fri, 27 Jul 2012 00:00:00 +0530 Tue, 16 Oct 2012 15:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218741 The Tribunal ruled in favor of the assessee, directing the AO to delete the notional interest added to the income due to financial instability of the borrower and uncertainties in recovering the principal amount. The assessments for the specified years were reopened but not contested further by the assessee. Case-Laws Income Tax Fri, 27 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218741