https://www.taxtmi.com/caselaws?id=403280 The Tribunal upheld the CIT(A)'s decisions in both issues, ruling in favor of the assessee by deleting the notional interest addition on interest-free loans and allowing the write-off of the irrecoverable principal loan amount. The Tribunal emphasized judicial consistency and adherence to previous rulings in similar cases, ultimately dismissing the revenue's appeal in both instances. en-us Fri, 13 Nov 2020 00:00:00 +0530 Fri, 22 Jan 2021 16:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403280 The Tribunal upheld the CIT(A)'s decisions in both issues, ruling in favor of the assessee by deleting the notional interest addition on interest-free loans and allowing the write-off of the irrecoverable principal loan amount. The Tribunal emphasized judicial consistency and adherence to previous rulings in similar cases, ultimately dismissing the revenue's appeal in both instances. Case-Laws Income Tax Fri, 13 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403280