https://www.taxtmi.com/caselaws?id=420658 The Tribunal allowed the appeal of the assessee for statistical purposes, remitting the issue of the disallowed amount under section 10(25) of the Income Tax Act back to the Assessing Officer for a fresh adjudication. The decision was made after considering arguments regarding the investment of the Trust's Provident Fund in LIC and discrepancies in the claimed interest income. The Tribunal emphasized the importance of providing a fair opportunity of hearing to the assessee during the reassessment process to ensure proper calculation of interest income and subsequent disallowance in accordance with the Income Tax Act. en-us Tue, 22 Mar 2022 00:00:00 +0530 Thu, 07 Apr 2022 10:00:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420658 The Tribunal allowed the appeal of the assessee for statistical purposes, remitting the issue of the disallowed amount under section 10(25) of the Income Tax Act back to the Assessing Officer for a fresh adjudication. The decision was made after considering arguments regarding the investment of the Trust's Provident Fund in LIC and discrepancies in the claimed interest income. The Tribunal emphasized the importance of providing a fair opportunity of hearing to the assessee during the reassessment process to ensure proper calculation of interest income and subsequent disallowance in accordance with the Income Tax Act. Case-Laws Income Tax Tue, 22 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420658