https://www.taxtmi.com/caselaws?id=413039 The Tribunal remanded the first issue to the Assessing Officer to determine if the interest paid on a loan should increase the cost of the asset based on a precedent from the Andhra Pradesh High Court. Regarding the second issue, the Tribunal admitted additional evidence submitted by the NRI assessee and directed the Assessing Officer to reevaluate the addition of unexplained money in the bank account, emphasizing the importance of justice and equity in the proceedings. The Tribunal's judgment demonstrated a commitment to fairness and thorough examination of the facts to ensure just outcomes in accordance with the law. en-us Mon, 27 Sep 2021 00:00:00 +0530 Fri, 01 Oct 2021 14:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413039 The Tribunal remanded the first issue to the Assessing Officer to determine if the interest paid on a loan should increase the cost of the asset based on a precedent from the Andhra Pradesh High Court. Regarding the second issue, the Tribunal admitted additional evidence submitted by the NRI assessee and directed the Assessing Officer to reevaluate the addition of unexplained money in the bank account, emphasizing the importance of justice and equity in the proceedings. The Tribunal's judgment demonstrated a commitment to fairness and thorough examination of the facts to ensure just outcomes in accordance with the law. Case-Laws Income Tax Mon, 27 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413039