https://www.taxtmi.com/caselaws?id=416885 The Tribunal partially allowed the appeal by directing the Assessing Officer to allow deductions for both the disallowed amounts related to the investment of borrowed funds in shares and the interest paid for delayed service tax remittance. The Tribunal accepted the plea for condonation of delay in filing the appeal and proceeded to hear the case on merits. The issue regarding disallowance under section 36(1)(iii) was remanded back to the CIT(A) for a fresh hearing based on the assessee's grounds and judicial precedents. en-us Fri, 07 Jan 2022 00:00:00 +0530 Mon, 10 Jan 2022 09:01:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416885 The Tribunal partially allowed the appeal by directing the Assessing Officer to allow deductions for both the disallowed amounts related to the investment of borrowed funds in shares and the interest paid for delayed service tax remittance. The Tribunal accepted the plea for condonation of delay in filing the appeal and proceeded to hear the case on merits. The issue regarding disallowance under section 36(1)(iii) was remanded back to the CIT(A) for a fresh hearing based on the assessee's grounds and judicial precedents. Case-Laws Income Tax Fri, 07 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416885