https://www.taxtmi.com/caselaws?id=430949 The Tribunal partly allowed the appeal, directing the admission of additional evidence (CA certificates) and ordering a fresh examination by the Assessing Officer regarding the disallowance of interest expenses totaling Rs.1,41,84,866/- to M/s Reliance Capital Ltd. and M/s Bajaj Finance Ltd. The Tribunal emphasized that Rule 46A does not require a separate application for admitting additional evidence and instructed the Assessing Officer to verify the business purpose of the loan from Bajaj Finance Ltd before issuing a new order. en-us Mon, 28 Nov 2022 00:00:00 +0530 Fri, 02 Dec 2022 07:50:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430949 The Tribunal partly allowed the appeal, directing the admission of additional evidence (CA certificates) and ordering a fresh examination by the Assessing Officer regarding the disallowance of interest expenses totaling Rs.1,41,84,866/- to M/s Reliance Capital Ltd. and M/s Bajaj Finance Ltd. The Tribunal emphasized that Rule 46A does not require a separate application for admitting additional evidence and instructed the Assessing Officer to verify the business purpose of the loan from Bajaj Finance Ltd before issuing a new order. Case-Laws Income Tax Mon, 28 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430949