https://www.taxtmi.com/caselaws?id=416218 The Tribunal allowed the appeal of the Assessee, highlighting a mistake apparent from the record in the order of the CIT (A) regarding the disallowance of interest on secured term loans. The Tribunal set aside the issue for fresh adjudication by the CIT (A) after emphasizing the contradictory findings and lack of reasoning provided. This decision was made to ensure proper consideration of evidence and fairness in tax assessments, ultimately allowing the appeal for statistical purposes. en-us Tue, 30 Nov 2021 00:00:00 +0530 Thu, 23 Dec 2021 12:12:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416218 The Tribunal allowed the appeal of the Assessee, highlighting a mistake apparent from the record in the order of the CIT (A) regarding the disallowance of interest on secured term loans. The Tribunal set aside the issue for fresh adjudication by the CIT (A) after emphasizing the contradictory findings and lack of reasoning provided. This decision was made to ensure proper consideration of evidence and fairness in tax assessments, ultimately allowing the appeal for statistical purposes. Case-Laws Income Tax Tue, 30 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416218