https://www.taxtmi.com/caselaws?id=295120 The ITAT upheld the CIT(A)'s decision in favor of the assessee regarding the method of accounting and accrued interest on REC Bonds, leading to the deletion of additions made by the AO. However, on the issue of addition of income from house property, the ITAT set aside the CIT(A)'s order due to lack of specific findings and evidence, remanding it for reconsideration with directions for compliance. General grounds raised were dismissed without separate adjudication. The appeals were partly allowed for statistical purposes, with the order pronounced on 8-04-2011. en-us Fri, 08 Apr 2011 00:00:00 +0530 Wed, 19 May 2021 18:15:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295120 The ITAT upheld the CIT(A)'s decision in favor of the assessee regarding the method of accounting and accrued interest on REC Bonds, leading to the deletion of additions made by the AO. However, on the issue of addition of income from house property, the ITAT set aside the CIT(A)'s order due to lack of specific findings and evidence, remanding it for reconsideration with directions for compliance. General grounds raised were dismissed without separate adjudication. The appeals were partly allowed for statistical purposes, with the order pronounced on 8-04-2011. Case-Laws Income Tax Fri, 08 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295120