https://www.taxtmi.com/caselaws?id=466605 Additions based solely on custodian, company and other third party letters are unsustainable where the Assessing Officer did not furnish underlying material or where such material is incomplete or ambiguous; those additions are deleted. Interest expenditure showing a nexus with income from other sources is allowable under section 57; the claimed interest is allowed. Additions for unexplained bank receipts are deleted where entries were explained or revenue failed to link records to the assessee. Interest under section 220(2) is to be recomputed from the date applicable to fresh demand and interest under sections 234A/234B/234C is limited to the period up to the original assessment as applicable. Enhancements based on interbooks reconciliation differences are deleted. en-us Wed, 19 Feb 2025 00:00:00 +0530 Fri, 06 Feb 2026 14:58:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466605 Additions based solely on custodian, company and other third party letters are unsustainable where the Assessing Officer did not furnish underlying material or where such material is incomplete or ambiguous; those additions are deleted. Interest expenditure showing a nexus with income from other sources is allowable under section 57; the claimed interest is allowed. Additions for unexplained bank receipts are deleted where entries were explained or revenue failed to link records to the assessee. Interest under section 220(2) is to be recomputed from the date applicable to fresh demand and interest under sections 234A/234B/234C is limited to the period up to the original assessment as applicable. Enhancements based on interbooks reconciliation differences are deleted. Case-Laws Income Tax Wed, 19 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466605