https://www.taxtmi.com/caselaws?id=252257 The Tribunal upheld the CIT(A)'s decisions, confirming deletions and reductions of various additions made by the AO. The Tribunal emphasized the importance of evidence and proper explanations in making such additions, dismissing the Revenue's grounds on admitting fresh evidence and upholding decisions on profit from own chitty investments, addition of income from kuri late fee, disallowance of interest paid on deposits, disallowance of interest claimed on housing loan, and other issues. en-us Fri, 10 Oct 2014 00:00:00 +0530 Thu, 16 Oct 2014 07:45:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252257 The Tribunal upheld the CIT(A)'s decisions, confirming deletions and reductions of various additions made by the AO. The Tribunal emphasized the importance of evidence and proper explanations in making such additions, dismissing the Revenue's grounds on admitting fresh evidence and upholding decisions on profit from own chitty investments, addition of income from kuri late fee, disallowance of interest paid on deposits, disallowance of interest claimed on housing loan, and other issues. Case-Laws Income Tax Fri, 10 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252257