https://www.taxtmi.com/caselaws?id=399682 The Tribunal remitted the case back to the Assessing Officer (AO) for fresh adjudication. The AO was directed to examine unanswered questions regarding the receipt and allotment of share application money, compliance with the Companies Act, utilization of funds, and taxability of interest income. The appeal was allowed for statistical purposes, with instructions for a detailed review by the AO and cooperation from the assessee for a prompt resolution. en-us Mon, 12 Oct 2020 00:00:00 +0530 Fri, 16 Oct 2020 13:37:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399682 The Tribunal remitted the case back to the Assessing Officer (AO) for fresh adjudication. The AO was directed to examine unanswered questions regarding the receipt and allotment of share application money, compliance with the Companies Act, utilization of funds, and taxability of interest income. The appeal was allowed for statistical purposes, with instructions for a detailed review by the AO and cooperation from the assessee for a prompt resolution. Case-Laws Income Tax Mon, 12 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399682