https://www.taxtmi.com/caselaws?id=422014 The Supreme Court condoned the delay in filing the appeal due to the pandemic situation affecting the assessee's office operations. The Tribunal allowed the appeal on the disallowance under section 40(a)(ia) of the Income Tax Act concerning interest paid to NBFCs. Additional evidence was admitted, showing that the NBFCs had included the interest in their income tax returns, leading to the appeal being allowed for statistical purposes and the CIT(A)'s order being set aside. The Tribunal's decision demonstrated a fair assessment of the case's facts and legal aspects. en-us Wed, 13 Apr 2022 00:00:00 +0530 Fri, 06 May 2022 08:32:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422014 The Supreme Court condoned the delay in filing the appeal due to the pandemic situation affecting the assessee's office operations. The Tribunal allowed the appeal on the disallowance under section 40(a)(ia) of the Income Tax Act concerning interest paid to NBFCs. Additional evidence was admitted, showing that the NBFCs had included the interest in their income tax returns, leading to the appeal being allowed for statistical purposes and the CIT(A)'s order being set aside. The Tribunal's decision demonstrated a fair assessment of the case's facts and legal aspects. Case-Laws Income Tax Wed, 13 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422014