https://www.taxtmi.com/caselaws?id=412187 The ITAT allowed the appeal of the assessee, directing the deletion of the addition made by the AO for the disallowance of interest paid to creditors. The ITAT found that the AO had not conducted an independent inquiry into the non-charging of interest on debtors by the assessee, and citing legal precedents, concluded that no addition could be made on this ground. en-us Mon, 06 Sep 2021 00:00:00 +0530 Mon, 13 Sep 2021 13:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412187 The ITAT allowed the appeal of the assessee, directing the deletion of the addition made by the AO for the disallowance of interest paid to creditors. The ITAT found that the AO had not conducted an independent inquiry into the non-charging of interest on debtors by the assessee, and citing legal precedents, concluded that no addition could be made on this ground. Case-Laws Income Tax Mon, 06 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412187