https://www.taxtmi.com/caselaws?id=247349 The Tribunal remanded both cases back to the First Appeal Authority for fresh adjudication, emphasizing the necessity of reasoned orders and adherence to principles of natural justice. The FAA was directed to consider the utilization of funds and the aspect of commercial expediency in disallowing interest expenditure. The Tribunal's decision highlighted the importance of providing detailed reasoning in judicial orders, ultimately partly allowing the appeals for both assessment years. en-us Thu, 01 May 2014 00:00:00 +0530 Fri, 09 May 2014 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247349 The Tribunal remanded both cases back to the First Appeal Authority for fresh adjudication, emphasizing the necessity of reasoned orders and adherence to principles of natural justice. The FAA was directed to consider the utilization of funds and the aspect of commercial expediency in disallowing interest expenditure. The Tribunal's decision highlighted the importance of providing detailed reasoning in judicial orders, ultimately partly allowing the appeals for both assessment years. Case-Laws Income Tax Thu, 01 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247349