https://www.taxtmi.com/caselaws?id=293616 The Tribunal upheld the Ld. CIT(A)'s decision to delete the disallowance of interest based on Section 43B(e) and explanation 3D, emphasizing actual interest payments made by the assessee. The Tribunal also supported the Ld. CIT(A)'s rulings on the assessment of positive balance in the cash credit account, determination of closing balance in the OD account, and the sufficiency of documentary evidence for interest payment claims. The decisions were based on legal provisions, precedents, and consistency in judicial interpretations, leading to the dismissal of the revenue's appeal. en-us Mon, 17 Sep 2018 00:00:00 +0530 Sat, 20 Feb 2021 21:03:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293616 The Tribunal upheld the Ld. CIT(A)'s decision to delete the disallowance of interest based on Section 43B(e) and explanation 3D, emphasizing actual interest payments made by the assessee. The Tribunal also supported the Ld. CIT(A)'s rulings on the assessment of positive balance in the cash credit account, determination of closing balance in the OD account, and the sufficiency of documentary evidence for interest payment claims. The decisions were based on legal provisions, precedents, and consistency in judicial interpretations, leading to the dismissal of the revenue's appeal. Case-Laws Income Tax Mon, 17 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293616