https://www.taxtmi.com/caselaws?id=423820 The Tribunal allowed the appeal in favor of the assessee, directing the deletion of the addition under Section 68 and the disallowance of interest expenses. The validity of the reassessment proceedings was left open as the appeal was decided on merits. The decision applied mutatis mutandis to other related appeals with identical facts and circumstances. All four appeals filed by the assessee were allowed. en-us Mon, 30 May 2022 00:00:00 +0530 Thu, 16 Jun 2022 09:13:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423820 The Tribunal allowed the appeal in favor of the assessee, directing the deletion of the addition under Section 68 and the disallowance of interest expenses. The validity of the reassessment proceedings was left open as the appeal was decided on merits. The decision applied mutatis mutandis to other related appeals with identical facts and circumstances. All four appeals filed by the assessee were allowed. Case-Laws Income Tax Mon, 30 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423820