https://www.taxtmi.com/caselaws?id=56029 The Tribunal partly allowed the appeal, confirming the deletion of the disallowance of interest expenses by the CIT(A) for being genuine business transactions not violating relevant laws. The Tribunal remanded the issue of inflated purchases back to the Assessing Officer for factual verification regarding the discrepancy, as explained by the CIT(A) due to share transfer stamp charges. en-us Fri, 24 Mar 2006 00:00:00 +0530 Wed, 01 Dec 2010 12:01:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56029 The Tribunal partly allowed the appeal, confirming the deletion of the disallowance of interest expenses by the CIT(A) for being genuine business transactions not violating relevant laws. The Tribunal remanded the issue of inflated purchases back to the Assessing Officer for factual verification regarding the discrepancy, as explained by the CIT(A) due to share transfer stamp charges. Case-Laws Income Tax Fri, 24 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56029