https://www.taxtmi.com/caselaws?id=271862 The Tribunal upheld the CIT(A)'s decision to allow the interest expense claim, emphasizing the principle of consistency in tax assessments. It was held that without new incriminating material found during the search operations, completed assessments could not be reassessed. The Tribunal dismissed the Revenue's appeals, maintaining the integrity of the earlier assessments and reinforcing the requirement for new evidence to disturb concluded assessments. en-us Mon, 18 Jan 2016 00:00:00 +0530 Sat, 30 Apr 2016 12:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271862 The Tribunal upheld the CIT(A)'s decision to allow the interest expense claim, emphasizing the principle of consistency in tax assessments. It was held that without new incriminating material found during the search operations, completed assessments could not be reassessed. The Tribunal dismissed the Revenue's appeals, maintaining the integrity of the earlier assessments and reinforcing the requirement for new evidence to disturb concluded assessments. Case-Laws Income Tax Mon, 18 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271862