https://www.taxtmi.com/caselaws?id=266740 The ITAT Jaipur set aside the CIT(A)'s decisions on the taxability of interest income earned during the pre-operation period and the treatment of interest disallowed against interest-free loans to a related concern. The ITAT directed a fresh assessment by the Assessing Officer, emphasizing the need for cooperation from the assessee and a reasonable opportunity for hearing. The ITAT upheld the CIT(A)'s decision to grant relief on interest disallowed against interest-free loans, dismissing the revenue's appeal. The ITAT allowed the assessee's appeal for statistical purposes only, highlighting the importance of proper assessment procedures and fair opportunities for both parties. en-us Fri, 11 Sep 2015 00:00:00 +0530 Fri, 23 Oct 2015 11:09:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266740 The ITAT Jaipur set aside the CIT(A)'s decisions on the taxability of interest income earned during the pre-operation period and the treatment of interest disallowed against interest-free loans to a related concern. The ITAT directed a fresh assessment by the Assessing Officer, emphasizing the need for cooperation from the assessee and a reasonable opportunity for hearing. The ITAT upheld the CIT(A)'s decision to grant relief on interest disallowed against interest-free loans, dismissing the revenue's appeal. The ITAT allowed the assessee's appeal for statistical purposes only, highlighting the importance of proper assessment procedures and fair opportunities for both parties. Case-Laws Income Tax Fri, 11 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266740