https://www.taxtmi.com/caselaws?id=355946 The Tribunal allowed the appeal for statistical purposes, directing a fresh examination by the Assessing Officer on both issues. For the first issue, involving the addition under Section 41(1) of the Income-tax Act, 1961, the Tribunal found that the Assessing Officer had not thoroughly examined all evidence presented by the assessee, remitting the matter back for reevaluation. Regarding the second issue, concerning the disallowance under Rule 8D of the Income-tax Rules, 1962, the Tribunal noted the absence of the partnership deed crucial for determining the purpose of the investment, prompting a reexamination by the Assessing Officer with the provision of necessary documents from the assessee. en-us Fri, 16 Feb 2018 00:00:00 +0530 Thu, 22 Mar 2018 16:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355946 The Tribunal allowed the appeal for statistical purposes, directing a fresh examination by the Assessing Officer on both issues. For the first issue, involving the addition under Section 41(1) of the Income-tax Act, 1961, the Tribunal found that the Assessing Officer had not thoroughly examined all evidence presented by the assessee, remitting the matter back for reevaluation. Regarding the second issue, concerning the disallowance under Rule 8D of the Income-tax Rules, 1962, the Tribunal noted the absence of the partnership deed crucial for determining the purpose of the investment, prompting a reexamination by the Assessing Officer with the provision of necessary documents from the assessee. Case-Laws Income Tax Fri, 16 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355946