https://www.taxtmi.com/caselaws?id=291107 The Tribunal ruled in favor of the appellant, overturning the CIT(A)'s decisions on re-assessment jurisdiction, rejection of explanations, disallowance of interest expenditure, and interest liability under section 234B of the Act. The Tribunal emphasized real income principles and the necessity of substantial evidence, providing relief to the appellant for the assessment years 2004-05, 2005-06, and 2006-07. en-us Tue, 27 Jan 2015 00:00:00 +0530 Wed, 13 Nov 2024 13:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291107 The Tribunal ruled in favor of the appellant, overturning the CIT(A)'s decisions on re-assessment jurisdiction, rejection of explanations, disallowance of interest expenditure, and interest liability under section 234B of the Act. The Tribunal emphasized real income principles and the necessity of substantial evidence, providing relief to the appellant for the assessment years 2004-05, 2005-06, and 2006-07. Case-Laws Income Tax Tue, 27 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291107