https://www.taxtmi.com/caselaws?id=297301 The Tribunal allowed all the miscellaneous applications filed by the assessee, indicating errors in the original order that required rectification. The Tribunal agreed with the applicant's submissions regarding the availability of own funds and non-interest bearing funds exceeding the investment in tax-free securities. The Tribunal directed the Assessing Officer to reevaluate the issue based on the date of making investments, not the Balance Sheet date, considering the applicant's contentions and relevant case law. Ultimately, the Tribunal granted the applicant's requests for modifications to the original order on 31st March 2015. en-us Tue, 31 Mar 2015 00:00:00 +0530 Thu, 26 Aug 2021 21:35:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297301 The Tribunal allowed all the miscellaneous applications filed by the assessee, indicating errors in the original order that required rectification. The Tribunal agreed with the applicant's submissions regarding the availability of own funds and non-interest bearing funds exceeding the investment in tax-free securities. The Tribunal directed the Assessing Officer to reevaluate the issue based on the date of making investments, not the Balance Sheet date, considering the applicant's contentions and relevant case law. Ultimately, the Tribunal granted the applicant's requests for modifications to the original order on 31st March 2015. Case-Laws Income Tax Tue, 31 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297301