https://www.taxtmi.com/caselaws?id=444075 The appeal was allowed by the Tribunal, with the delay in filing the appeal being condoned due to an acceptable explanation. The addition under Section 68 of the Income Tax Act, concerning share capital, was deleted as the Revenue failed to provide sufficient evidence to support their claim. Additionally, the disallowance of interest on late payment of TDS under Section 37 was overturned by the Tribunal, considering it as a deductible expense. en-us Wed, 30 Aug 2023 00:00:00 +0530 Sun, 08 Oct 2023 11:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444075 The appeal was allowed by the Tribunal, with the delay in filing the appeal being condoned due to an acceptable explanation. The addition under Section 68 of the Income Tax Act, concerning share capital, was deleted as the Revenue failed to provide sufficient evidence to support their claim. Additionally, the disallowance of interest on late payment of TDS under Section 37 was overturned by the Tribunal, considering it as a deductible expense. Case-Laws Income Tax Wed, 30 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444075