https://www.taxtmi.com/caselaws?id=388827 The Tribunal partially allowed the appeal, holding that interest expenditure is deductible under Section 57(iii) and should be offset against interest income. It set aside the CIT(A)'s order, supporting the assessee's treatment of interest income and expenditure for consistency. The Tribunal did not address the CIT(A)'s jurisdiction to introduce a new income source due to the favorable decision on substantive issues. en-us Wed, 20 Nov 2019 00:00:00 +0530 Sat, 23 Nov 2019 12:02:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388827 The Tribunal partially allowed the appeal, holding that interest expenditure is deductible under Section 57(iii) and should be offset against interest income. It set aside the CIT(A)'s order, supporting the assessee's treatment of interest income and expenditure for consistency. The Tribunal did not address the CIT(A)'s jurisdiction to introduce a new income source due to the favorable decision on substantive issues. Case-Laws Income Tax Wed, 20 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388827