https://www.taxtmi.com/caselaws?id=412609 The Tribunal allowed the appeal filed by the assessee, directing the Assessing Officer to delete the addition made towards the disallowed interest expenditure under section 57(iii) of the Income Tax Act. The decision emphasized the importance of proper interpretation and application of the Act's provisions, considering the facts in totality and referencing a previous favorable decision for the assessee. en-us Thu, 09 Sep 2021 00:00:00 +0530 Wed, 22 Sep 2021 08:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412609 The Tribunal allowed the appeal filed by the assessee, directing the Assessing Officer to delete the addition made towards the disallowed interest expenditure under section 57(iii) of the Income Tax Act. The decision emphasized the importance of proper interpretation and application of the Act's provisions, considering the facts in totality and referencing a previous favorable decision for the assessee. Case-Laws Income Tax Thu, 09 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412609