https://www.taxtmi.com/caselaws?id=361327 The Tribunal set aside the Commissioner of Income Tax (Appeals)'s order disallowing interest difference under section 57(iii) of the Income Tax Act 1961. The Tribunal directed a fresh assessment by the Assessing Officer, emphasizing the need to consider the primary motive of expenses for earning income. The assessee was instructed to provide evidence, and the AO was directed to allow a reasonable opportunity for the assessee to present their case. The appeal was allowed for statistical purposes, indicating a need for further examination by the AO based on relevant legal principles. en-us Wed, 30 May 2018 00:00:00 +0530 Mon, 04 Jun 2018 19:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361327 The Tribunal set aside the Commissioner of Income Tax (Appeals)'s order disallowing interest difference under section 57(iii) of the Income Tax Act 1961. The Tribunal directed a fresh assessment by the Assessing Officer, emphasizing the need to consider the primary motive of expenses for earning income. The assessee was instructed to provide evidence, and the AO was directed to allow a reasonable opportunity for the assessee to present their case. The appeal was allowed for statistical purposes, indicating a need for further examination by the AO based on relevant legal principles. Case-Laws Income Tax Wed, 30 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361327