https://www.taxtmi.com/caselaws?id=277773 The court ruled in favor of the appellant, finding that the initiation of proceedings under Section 147 of the Income Tax Act based on an overruled judgment was improper. Additionally, the additions made by the AO towards non-recoverable interest on NPA debts were deemed unjustified. Consequently, both issues were decided in favor of the assessee, leading to the allowance of the appeals. en-us Tue, 05 Sep 2017 00:00:00 +0530 Sat, 22 Dec 2018 06:04:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277773 The court ruled in favor of the appellant, finding that the initiation of proceedings under Section 147 of the Income Tax Act based on an overruled judgment was improper. Additionally, the additions made by the AO towards non-recoverable interest on NPA debts were deemed unjustified. Consequently, both issues were decided in favor of the assessee, leading to the allowance of the appeals. Case-Laws Income Tax Tue, 05 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277773