https://www.taxtmi.com/caselaws?id=240399 The Appellate Tribunal partially allowed the Assessee-company's appeals for the assessment years 2007-08 and 2008-09. The Tribunal identified factual errors in the assessment orders and sent the matters back to the First Appellate Authority for fresh adjudication, emphasizing the need for a fair hearing and consideration of relevant facts. The disputes primarily revolved around the addition of interest on amounts paid for rights assigned by the Bank, disallowance under section 14A of the Act, treatment of interest income, set off of brought forward business losses, and interest paid for acquiring rights in the property. en-us Wed, 20 Nov 2013 00:00:00 +0530 Tue, 03 Dec 2013 06:44:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240399 The Appellate Tribunal partially allowed the Assessee-company's appeals for the assessment years 2007-08 and 2008-09. The Tribunal identified factual errors in the assessment orders and sent the matters back to the First Appellate Authority for fresh adjudication, emphasizing the need for a fair hearing and consideration of relevant facts. The disputes primarily revolved around the addition of interest on amounts paid for rights assigned by the Bank, disallowance under section 14A of the Act, treatment of interest income, set off of brought forward business losses, and interest paid for acquiring rights in the property. Case-Laws Income Tax Wed, 20 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240399