https://www.taxtmi.com/caselaws?id=351337 The Tribunal dismissed the Revenue's appeal on the issue of interest on post-dated cheques, upholding the Ld. CIT (A)'s decision for re-computation based on a logical approach. The Tribunal set aside the issue of additional payments over the sale consideration for further verification by the AO to determine if any deduction was claimed. Regarding cash payments for land purchase under Section 40(A)(3), the Tribunal directed the AO to delete the disallowance as no expenses were claimed. Consequently, the Tribunal partially allowed the appeals of both parties. en-us Tue, 21 Nov 2017 00:00:00 +0530 Thu, 23 Nov 2017 13:40:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351337 The Tribunal dismissed the Revenue's appeal on the issue of interest on post-dated cheques, upholding the Ld. CIT (A)'s decision for re-computation based on a logical approach. The Tribunal set aside the issue of additional payments over the sale consideration for further verification by the AO to determine if any deduction was claimed. Regarding cash payments for land purchase under Section 40(A)(3), the Tribunal directed the AO to delete the disallowance as no expenses were claimed. Consequently, the Tribunal partially allowed the appeals of both parties. Case-Laws Income Tax Tue, 21 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351337