https://www.taxtmi.com/caselaws?id=413507 The Tribunal partly allowed the appeal by setting aside the disallowance of interest expenditure claimed by the assessee, criticizing the lack of detailed reasoning by the lower authorities. The issue of rectification of apparent mistakes under Section 154 was remitted back to the AO for re-examination, as the Tribunal found the AO's inaction unjustified. Regarding the disallowance of indexation benefit on capital gains, the Tribunal remitted the matter to the AO for further examination, emphasizing the need for a thorough assessment of the factual veracity of the claim. en-us Wed, 06 Oct 2021 00:00:00 +0530 Thu, 21 Oct 2021 17:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413507 The Tribunal partly allowed the appeal by setting aside the disallowance of interest expenditure claimed by the assessee, criticizing the lack of detailed reasoning by the lower authorities. The issue of rectification of apparent mistakes under Section 154 was remitted back to the AO for re-examination, as the Tribunal found the AO's inaction unjustified. Regarding the disallowance of indexation benefit on capital gains, the Tribunal remitted the matter to the AO for further examination, emphasizing the need for a thorough assessment of the factual veracity of the claim. Case-Laws Income Tax Wed, 06 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413507