https://www.taxtmi.com/caselaws?id=246765 The Tribunal partly allowed the appeal by the assessee, directing a re-examination of the disallowance of interest expenditure issue by the CIT(A) for A.Y. 2006-07. The Tribunal rejected the additional ground raised by the assessee regarding the taxation of income assessed by the Assessing Officer in the hands of another individual, citing precedents and lack of essential facts. The decision highlighted the importance of presenting facts and legal arguments effectively, ensuring a thorough review process. en-us Wed, 26 Mar 2014 00:00:00 +0530 Mon, 21 Apr 2014 19:16:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246765 The Tribunal partly allowed the appeal by the assessee, directing a re-examination of the disallowance of interest expenditure issue by the CIT(A) for A.Y. 2006-07. The Tribunal rejected the additional ground raised by the assessee regarding the taxation of income assessed by the Assessing Officer in the hands of another individual, citing precedents and lack of essential facts. The decision highlighted the importance of presenting facts and legal arguments effectively, ensuring a thorough review process. Case-Laws Income Tax Wed, 26 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246765