https://www.taxtmi.com/caselaws?id=405294 The Revenue's appeal was partly allowed by the Tribunal for statistical purposes. The Tribunal addressed the disallowance of interest under section 36(1)(iii) of the Income Tax Act, 1961, and the addition of LTCG short reported by the assessee. It emphasized the need for adherence to legal procedures, allowing the Assessing Officer to verify evidence and providing the assessee with an opportunity to be heard. The matter was remitted to the Assessing Officer for further examination in light of the Tribunal's directions. en-us Thu, 11 Mar 2021 00:00:00 +0530 Wed, 17 Mar 2021 09:10:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405294 The Revenue's appeal was partly allowed by the Tribunal for statistical purposes. The Tribunal addressed the disallowance of interest under section 36(1)(iii) of the Income Tax Act, 1961, and the addition of LTCG short reported by the assessee. It emphasized the need for adherence to legal procedures, allowing the Assessing Officer to verify evidence and providing the assessee with an opportunity to be heard. The matter was remitted to the Assessing Officer for further examination in light of the Tribunal's directions. Case-Laws Income Tax Thu, 11 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405294