https://www.taxtmi.com/caselaws?id=376069 The Tribunal set aside the CIT(A)'s orders confirming the addition of interest income by the AO for Assessment Years 2005-06 to 2007-08. The Tribunal directed a fresh examination, allowing the assessee the opportunity to substantiate its case regarding the commercial purpose of advances made to M/s. Topaz Investments Pvt. Ltd. The challenge to the validity of assessment reopening in AY 2006-07 and 2007-08 was not addressed, leading to all appeals of the assessee being treated as allowed for statistical purposes. en-us Fri, 15 Feb 2019 00:00:00 +0530 Sat, 02 Mar 2019 13:48:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376069 The Tribunal set aside the CIT(A)'s orders confirming the addition of interest income by the AO for Assessment Years 2005-06 to 2007-08. The Tribunal directed a fresh examination, allowing the assessee the opportunity to substantiate its case regarding the commercial purpose of advances made to M/s. Topaz Investments Pvt. Ltd. The challenge to the validity of assessment reopening in AY 2006-07 and 2007-08 was not addressed, leading to all appeals of the assessee being treated as allowed for statistical purposes. Case-Laws Income Tax Fri, 15 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376069