https://www.taxtmi.com/caselaws?id=437018 The Tribunal allowed the assessee's appeal in a case involving the disallowance of interest under section 40A(2)(b) of the Income Tax Act. The Tribunal found the orders of the Assessing Officer and Commissioner of Income Tax (Appeals) to be lacking in reasoning and justification, setting them aside for disregarding the principles of natural justice. The appeal was allowed on all three issues raised, with the judgment pronounced on 24th March 2023 at Ahmedabad. en-us Fri, 24 Mar 2023 00:00:00 +0530 Tue, 25 Apr 2023 17:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437018 The Tribunal allowed the assessee's appeal in a case involving the disallowance of interest under section 40A(2)(b) of the Income Tax Act. The Tribunal found the orders of the Assessing Officer and Commissioner of Income Tax (Appeals) to be lacking in reasoning and justification, setting them aside for disregarding the principles of natural justice. The appeal was allowed on all three issues raised, with the judgment pronounced on 24th March 2023 at Ahmedabad. Case-Laws Income Tax Fri, 24 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437018