https://www.taxtmi.com/caselaws?id=388610 The ITAT's judgment addressed various tax issues, including the disallowance of interest expense without tax deduction, treatment of sale transactions in different assessment years, rent income discrepancy, and disallowance of car loan interest. The ITAT upheld the disallowance of interest expense based on a Delhi High Court decision, directed the refund of taxes collected for wrongly assessed income, remitted the rent income issue for verification, and dismissed the challenge to car loan interest disallowance. The judgment provided detailed analysis and directions for further verification and resolution of the issues. en-us Wed, 23 Oct 2019 00:00:00 +0530 Tue, 19 Nov 2019 12:45:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388610 The ITAT's judgment addressed various tax issues, including the disallowance of interest expense without tax deduction, treatment of sale transactions in different assessment years, rent income discrepancy, and disallowance of car loan interest. The ITAT upheld the disallowance of interest expense based on a Delhi High Court decision, directed the refund of taxes collected for wrongly assessed income, remitted the rent income issue for verification, and dismissed the challenge to car loan interest disallowance. The judgment provided detailed analysis and directions for further verification and resolution of the issues. Case-Laws Income Tax Wed, 23 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388610