https://www.taxtmi.com/caselaws?id=243058 The Tribunal upheld the deletion of additions for discounting charges and finance charges in the case of connected assessees for assessment years 1996-1997 and 1997-1998. Despite the Assessing Officer's repeat addition of finance charges, the CIT(A) deleted this addition based on detailed evidence provided by the assessee. The Tribunal found that the AO failed to consider the fresh evidence and upheld the CIT(A)'s decision, leading to the dismissal of all appeals and confirmation of the deletion of additions in all cases. The order was pronounced on July 24, 2013. en-us Wed, 24 Jul 2013 00:00:00 +0530 Sat, 25 Jan 2014 18:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243058 The Tribunal upheld the deletion of additions for discounting charges and finance charges in the case of connected assessees for assessment years 1996-1997 and 1997-1998. Despite the Assessing Officer's repeat addition of finance charges, the CIT(A) deleted this addition based on detailed evidence provided by the assessee. The Tribunal found that the AO failed to consider the fresh evidence and upheld the CIT(A)'s decision, leading to the dismissal of all appeals and confirmation of the deletion of additions in all cases. The order was pronounced on July 24, 2013. Case-Laws Income Tax Wed, 24 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243058