https://www.taxtmi.com/caselaws?id=341434 The delay in filing the appeal was condoned by the Tribunal, emphasizing substantial justice over technicalities. The appeal was admitted for consideration. Regarding the disallowance of interest expenditure under section 40(a)(ia), the Tribunal allowed ground No. 1(a) for statistical purposes, remanding the issue to the AO for verification. Grounds No. 1(b) and 1(c) were dismissed as infructuous, and ground No. 2 did not require adjudication. The appeal was partly allowed for statistical purposes, with the matter of interest expenditure being sent back to the AO for further review. en-us Wed, 05 Apr 2017 00:00:00 +0530 Sat, 08 Apr 2017 07:34:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341434 The delay in filing the appeal was condoned by the Tribunal, emphasizing substantial justice over technicalities. The appeal was admitted for consideration. Regarding the disallowance of interest expenditure under section 40(a)(ia), the Tribunal allowed ground No. 1(a) for statistical purposes, remanding the issue to the AO for verification. Grounds No. 1(b) and 1(c) were dismissed as infructuous, and ground No. 2 did not require adjudication. The appeal was partly allowed for statistical purposes, with the matter of interest expenditure being sent back to the AO for further review. Case-Laws Income Tax Wed, 05 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341434