https://www.taxtmi.com/caselaws?id=409597 The Tribunal set aside the issues to the CIT(A) for fresh adjudication, directing a holistic examination of the allowability of interest paid on loans and the taxability of interest income from debentures. The Tribunal emphasized the need for detailed analysis on whether the investment in debentures was a prudent business decision and whether it benefited the assessee or its sister concern. The appeals were allowed for statistical purposes, and the assessee was granted the opportunity to present fresh evidence. en-us Tue, 15 Jun 2021 00:00:00 +0530 Tue, 13 Jul 2021 10:35:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409597 The Tribunal set aside the issues to the CIT(A) for fresh adjudication, directing a holistic examination of the allowability of interest paid on loans and the taxability of interest income from debentures. The Tribunal emphasized the need for detailed analysis on whether the investment in debentures was a prudent business decision and whether it benefited the assessee or its sister concern. The appeals were allowed for statistical purposes, and the assessee was granted the opportunity to present fresh evidence. Case-Laws Income Tax Tue, 15 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409597