https://www.taxtmi.com/caselaws?id=346892 The Tribunal allowed the appeal for statistical purposes and remanded the matter to the AO for fresh examination. The AO is directed to verify the evidence provided by the assessee regarding the legitimacy of the transactions and the allowability of interest expenses under the Income-tax Act, 1961. The Tribunal emphasized providing the assessee with an adequate opportunity to present its case and submit all relevant documents for further assessment. en-us Fri, 18 Aug 2017 00:00:00 +0530 Fri, 25 Aug 2017 07:00:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346892 The Tribunal allowed the appeal for statistical purposes and remanded the matter to the AO for fresh examination. The AO is directed to verify the evidence provided by the assessee regarding the legitimacy of the transactions and the allowability of interest expenses under the Income-tax Act, 1961. The Tribunal emphasized providing the assessee with an adequate opportunity to present its case and submit all relevant documents for further assessment. Case-Laws Income Tax Fri, 18 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346892