https://www.taxtmi.com/caselaws?id=340461 The Appellate Tribunal admitted additional evidences crucial for deciding the appeal grounds under Rule 29 of the ITAT Rules. The Assessing Officer disallowed interest claimed by the assessee under section 57(iii) of the Income Tax Act due to discrepancies in interest expenses submissions. The Tribunal remanded the verification of funds advanced from Ashok Mittal's account for proper adjudication. Regarding the disallowance of interest/discounting charges in multiple assessment years, the Tribunal upheld the decision in favor of the assessee, partially allowing the appeal and dismissing the AO's appeals for both assessment years. en-us Fri, 17 Mar 2017 00:00:00 +0530 Wed, 22 Mar 2017 08:12:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340461 The Appellate Tribunal admitted additional evidences crucial for deciding the appeal grounds under Rule 29 of the ITAT Rules. The Assessing Officer disallowed interest claimed by the assessee under section 57(iii) of the Income Tax Act due to discrepancies in interest expenses submissions. The Tribunal remanded the verification of funds advanced from Ashok Mittal's account for proper adjudication. Regarding the disallowance of interest/discounting charges in multiple assessment years, the Tribunal upheld the decision in favor of the assessee, partially allowing the appeal and dismissing the AO's appeals for both assessment years. Case-Laws Income Tax Fri, 17 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340461