https://www.taxtmi.com/caselaws?id=435521 The Tribunal upheld the CIT(A)'s decision to delete additions and disallowances made by the AO under the Income Tax Act, 1961. It emphasized the requirement of incriminating material for additions under Section 153C and allowed proportionate interest expenditure for business use. The Tribunal dismissed the revenue's appeals and allowed the assessee's cross-objections, affirming the CIT(A)'s findings. en-us Wed, 15 Feb 2023 00:00:00 +0530 Tue, 21 Mar 2023 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435521 The Tribunal upheld the CIT(A)'s decision to delete additions and disallowances made by the AO under the Income Tax Act, 1961. It emphasized the requirement of incriminating material for additions under Section 153C and allowed proportionate interest expenditure for business use. The Tribunal dismissed the revenue's appeals and allowed the assessee's cross-objections, affirming the CIT(A)'s findings. Case-Laws Income Tax Wed, 15 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435521