https://www.taxtmi.com/caselaws?id=432415 The Tribunal allowed the appeal for statistical purposes, directing the Assessing Officer to re-examine the details submitted by the assessee regarding the disallowance of interest expenses on loans given to related parties. The Tribunal emphasized the importance of providing a fair opportunity for the assessee to present their case and substantiate claims with evidence. The decision indirectly addressed the appellant's concern regarding the opportunity to present the case under section 36(1)(iii) by remanding the matter back to the AO for re-examination. en-us Mon, 19 Dec 2022 00:00:00 +0530 Thu, 05 Jan 2023 08:26:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432415 The Tribunal allowed the appeal for statistical purposes, directing the Assessing Officer to re-examine the details submitted by the assessee regarding the disallowance of interest expenses on loans given to related parties. The Tribunal emphasized the importance of providing a fair opportunity for the assessee to present their case and substantiate claims with evidence. The decision indirectly addressed the appellant's concern regarding the opportunity to present the case under section 36(1)(iii) by remanding the matter back to the AO for re-examination. Case-Laws Income Tax Mon, 19 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432415