https://www.taxtmi.com/caselaws?id=369428 The Tribunal partially allowed the appeal, directing the Assessing Officer to re-compute the disallowance of interest income on fixed deposits with nationalized banks. The AO was instructed to consider deducting the interest expenditure incurred by the assessee on such deposits. The Tribunal emphasized granting the assessee an opportunity to present evidence in support of its case. en-us Wed, 03 Oct 2018 00:00:00 +0530 Sat, 27 Oct 2018 07:52:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369428 The Tribunal partially allowed the appeal, directing the Assessing Officer to re-compute the disallowance of interest income on fixed deposits with nationalized banks. The AO was instructed to consider deducting the interest expenditure incurred by the assessee on such deposits. The Tribunal emphasized granting the assessee an opportunity to present evidence in support of its case. Case-Laws Income Tax Wed, 03 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369428