https://www.taxtmi.com/caselaws?id=375836 The ITAT ruled in favor of the assessee in a tax case concerning various issues such as the transfer of trade creditors to partners' capital accounts, mismatch of signatures of trade creditors, disallowance of interest on borrowed capital for construction, interest charged on loans, depreciation on residential apartments, and valuation of closing stock. The ITAT found that the AO had adequately examined these issues during assessment, providing evidence and justifications for the decisions made. Consequently, the ITAT quashed the Pr.CIT's revisions under Section 263 and allowed the appeal of the assessee. en-us Thu, 03 Jan 2019 00:00:00 +0530 Tue, 26 Feb 2019 18:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375836 The ITAT ruled in favor of the assessee in a tax case concerning various issues such as the transfer of trade creditors to partners' capital accounts, mismatch of signatures of trade creditors, disallowance of interest on borrowed capital for construction, interest charged on loans, depreciation on residential apartments, and valuation of closing stock. The ITAT found that the AO had adequately examined these issues during assessment, providing evidence and justifications for the decisions made. Consequently, the ITAT quashed the Pr.CIT's revisions under Section 263 and allowed the appeal of the assessee. Case-Laws Income Tax Thu, 03 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375836