https://www.taxtmi.com/caselaws?id=395516 The Tribunal allowed the appeals, deciding in favor of the assessee on both issues. It held that the non-admittance of the appeal by CIT(A) due to unpaid tax liability was unjustified, considering the circumstances, and proceeded to adjudicate the appeals. Additionally, it ruled in favor of the assessee regarding the disallowance of bank charges as expenses while calculating interest income, allowing the deduction for bank charges against the interest income assessed. The judgment was pronounced on 21st May 2020, in favor of the assessee. en-us Thu, 21 May 2020 00:00:00 +0530 Tue, 26 May 2020 14:11:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395516 The Tribunal allowed the appeals, deciding in favor of the assessee on both issues. It held that the non-admittance of the appeal by CIT(A) due to unpaid tax liability was unjustified, considering the circumstances, and proceeded to adjudicate the appeals. Additionally, it ruled in favor of the assessee regarding the disallowance of bank charges as expenses while calculating interest income, allowing the deduction for bank charges against the interest income assessed. The judgment was pronounced on 21st May 2020, in favor of the assessee. Case-Laws Income Tax Thu, 21 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395516