https://www.taxtmi.com/caselaws?id=431419 The Appellate Tribunal ITAT Delhi addressed four appeals by the assessee against CIT(A) orders for different assessment years, focusing on the year 2011-12. Disallowance of interest on unsecured loans from specific parties was at issue, with the Tribunal finding that the loans were genuine and not covered by the Direct Tax Vivad Se Vishwas Act settlement. The Tribunal directed the Assessing Officer to delete the disallowed interest amounts, leading to the appeals being allowed. The decision was pronounced on 24.11.2022, with the Tribunal ruling in favor of the assessee. en-us Thu, 24 Nov 2022 00:00:00 +0530 Tue, 13 Dec 2022 08:26:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431419 The Appellate Tribunal ITAT Delhi addressed four appeals by the assessee against CIT(A) orders for different assessment years, focusing on the year 2011-12. Disallowance of interest on unsecured loans from specific parties was at issue, with the Tribunal finding that the loans were genuine and not covered by the Direct Tax Vivad Se Vishwas Act settlement. The Tribunal directed the Assessing Officer to delete the disallowed interest amounts, leading to the appeals being allowed. The decision was pronounced on 24.11.2022, with the Tribunal ruling in favor of the assessee. Case-Laws Income Tax Thu, 24 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431419