https://www.taxtmi.com/caselaws?id=411325 The Tribunal allowed the appeal filed by the assessee against the addition made by the AO and confirmed by the CIT(A) regarding proportionate interest. The Tribunal emphasized the importance of commercial expediency and strategic business decisions, noting consistency with the previous year's case. The addition was set aside, ruling in favor of the assessee based on the identical facts and circumstances from the previous year, highlighting the significance of business rationale in such matters. en-us Fri, 13 Aug 2021 00:00:00 +0530 Sat, 21 Aug 2021 10:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411325 The Tribunal allowed the appeal filed by the assessee against the addition made by the AO and confirmed by the CIT(A) regarding proportionate interest. The Tribunal emphasized the importance of commercial expediency and strategic business decisions, noting consistency with the previous year's case. The addition was set aside, ruling in favor of the assessee based on the identical facts and circumstances from the previous year, highlighting the significance of business rationale in such matters. Case-Laws Income Tax Fri, 13 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411325