https://www.taxtmi.com/caselaws?id=191309 The Tribunal upheld the CIT(A)'s decision to allow the interest expenses claimed by the assessee, emphasizing consistency and the absence of new incriminating material. The Tribunal dismissed the Revenue's appeals, affirming that the disallowance of interest expenses was unjustified and unsustainable. The decision was based on the principle that reassessments under Section 153A should not disturb concluded assessments without new incriminating evidence. en-us Wed, 10 Feb 2016 00:00:00 +0530 Thu, 30 Mar 2017 09:37:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191309 The Tribunal upheld the CIT(A)'s decision to allow the interest expenses claimed by the assessee, emphasizing consistency and the absence of new incriminating material. The Tribunal dismissed the Revenue's appeals, affirming that the disallowance of interest expenses was unjustified and unsustainable. The decision was based on the principle that reassessments under Section 153A should not disturb concluded assessments without new incriminating evidence. Case-Laws Income Tax Wed, 10 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191309