https://www.taxtmi.com/caselaws?id=250214 The appeals centered on the assessment of accrued interest on an investment and the disallowance of deductions claimed for interest on borrowed capital under Section 24 of the Income Tax Act. The Tribunal directed the Assessing Officer to verify and reassess based on specific guidelines provided. The appeals were allowed for statistical purposes, emphasizing the need for verification and reassessment by the AO. en-us Fri, 01 Aug 2014 00:00:00 +0530 Wed, 06 Aug 2014 08:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250214 The appeals centered on the assessment of accrued interest on an investment and the disallowance of deductions claimed for interest on borrowed capital under Section 24 of the Income Tax Act. The Tribunal directed the Assessing Officer to verify and reassess based on specific guidelines provided. The appeals were allowed for statistical purposes, emphasizing the need for verification and reassessment by the AO. Case-Laws Income Tax Fri, 01 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250214