https://www.taxtmi.com/caselaws?id=270812 The Tribunal allowed the assessee's appeals, deleting the entire disallowance of Rs. 36.68 crores made by the AO, including the suo moto disallowance of Rs. 6.23 crores. The decision was based on the sufficiency of interest-free funds over tax-free investments and legal precedents supporting the assessee's claims. The Tribunal emphasized that scrutiny assessments should prioritize determining correct taxable income over procedural technicalities. en-us Wed, 28 Oct 2015 00:00:00 +0530 Sat, 16 Jan 2016 07:55:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270812 The Tribunal allowed the assessee's appeals, deleting the entire disallowance of Rs. 36.68 crores made by the AO, including the suo moto disallowance of Rs. 6.23 crores. The decision was based on the sufficiency of interest-free funds over tax-free investments and legal precedents supporting the assessee's claims. The Tribunal emphasized that scrutiny assessments should prioritize determining correct taxable income over procedural technicalities. Case-Laws Income Tax Wed, 28 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270812