https://www.taxtmi.com/caselaws?id=236945 The Tribunal allowed the assessee's appeals for statistical purposes and dismissed the Revenue's appeal as infructuous. The disallowance of ex-gratia payment was deleted as it satisfied the requirements of section 37. Regarding the disallowance of interest on borrowed funds for investments, the Tribunal directed the AO to verify the source of funds used. In the appeal against the consequential order on interest rate, the Tribunal remitted the issue to verify the source of investments and adjust the interest rate accordingly. The Tribunal emphasized fair adjudication based on evidence and legal provisions. en-us Wed, 04 Sep 2013 00:00:00 +0530 Fri, 13 Sep 2013 09:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236945 The Tribunal allowed the assessee's appeals for statistical purposes and dismissed the Revenue's appeal as infructuous. The disallowance of ex-gratia payment was deleted as it satisfied the requirements of section 37. Regarding the disallowance of interest on borrowed funds for investments, the Tribunal directed the AO to verify the source of funds used. In the appeal against the consequential order on interest rate, the Tribunal remitted the issue to verify the source of investments and adjust the interest rate accordingly. The Tribunal emphasized fair adjudication based on evidence and legal provisions. Case-Laws Income Tax Wed, 04 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236945