https://www.taxtmi.com/forum/issue?id=112885 Consistency in income tax assessments requires identical treatment where facts are unchanged: earlier allowance of interest supports continued allowance unless the assessing officer points to material change. The taxpayer must rebut allegations that loan proceeds were not utilised for business by producing documents and earlier assessment records; absence of new facts weakens an ad hoc disallowance and is a matter for appeal. en-us Thu, 28 Sep 2017 16:10:51 +0530 Thu, 23 Jan 2025 15:55:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=112885 Consistency in income tax assessments requires identical treatment where facts are unchanged: earlier allowance of interest supports continued allowance unless the assessing officer points to material change. The taxpayer must rebut allegations that loan proceeds were not utilised for business by producing documents and earlier assessment records; absence of new facts weakens an ad hoc disallowance and is a matter for appeal. Discussion-Forum Income Tax Thu, 28 Sep 2017 16:10:51 +0530 https://www.taxtmi.com/forum/issue?id=112885