https://www.taxtmi.com/caselaws?id=405767 The appeal against the deletion of the addition of interest paid to M/s GNIDA by the assessee was remanded back to the CIT(A) for further adjudication on unaddressed grounds. The Tribunal emphasized the need to examine the allowability of interest in acquiring lease rights broadly, rather than narrowly focusing on penal nature. As the core issue was not fully addressed by the CIT(A), the matter was sent back for proper consideration. Consequently, the revenue's appeal was allowed for statistical purposes. en-us Fri, 05 Mar 2021 00:00:00 +0530 Sat, 27 Mar 2021 07:38:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405767 The appeal against the deletion of the addition of interest paid to M/s GNIDA by the assessee was remanded back to the CIT(A) for further adjudication on unaddressed grounds. The Tribunal emphasized the need to examine the allowability of interest in acquiring lease rights broadly, rather than narrowly focusing on penal nature. As the core issue was not fully addressed by the CIT(A), the matter was sent back for proper consideration. Consequently, the revenue's appeal was allowed for statistical purposes. Case-Laws Income Tax Fri, 05 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405767