https://www.taxtmi.com/caselaws?id=243068 The ITAT allowed the appeal of the Revenue on the second issue for statistical purposes, remanding it back to the AO for fresh consideration. The ITAT also directed the AO to verify the availability of interest-free funds in the first issue and decide accordingly, allowing the ground in favor of the assessee. The judgment did not provide detailed analysis on the third issue regarding upholding the order of the Assessing Officer. en-us Thu, 25 Jul 2013 00:00:00 +0530 Sat, 25 Jan 2014 18:17:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243068 The ITAT allowed the appeal of the Revenue on the second issue for statistical purposes, remanding it back to the AO for fresh consideration. The ITAT also directed the AO to verify the availability of interest-free funds in the first issue and decide accordingly, allowing the ground in favor of the assessee. The judgment did not provide detailed analysis on the third issue regarding upholding the order of the Assessing Officer. Case-Laws Income Tax Thu, 25 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243068