https://www.taxtmi.com/caselaws?id=56469 The Tribunal ruled in favor of the assessee in appeals challenging additions of alleged additional income by way of interest for multiple assessment years, citing previous decisions involving a sister concern. Regarding the disallowance of interest on interest-free loans, the Tribunal set aside the matter for fresh adjudication by the AO. Similarly, in the case of cash credits, the Tribunal remanded the issue to the AO for reevaluation after considering affidavits and confirmations submitted during the appeal. The decisions emphasized adherence to legal procedures and principles of natural justice, resulting in the allowance of the first three appeals and partial allowance of the fourth for statistical purposes. en-us Tue, 27 Mar 2001 00:00:00 +0530 Fri, 03 Dec 2010 18:12:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56469 The Tribunal ruled in favor of the assessee in appeals challenging additions of alleged additional income by way of interest for multiple assessment years, citing previous decisions involving a sister concern. Regarding the disallowance of interest on interest-free loans, the Tribunal set aside the matter for fresh adjudication by the AO. Similarly, in the case of cash credits, the Tribunal remanded the issue to the AO for reevaluation after considering affidavits and confirmations submitted during the appeal. The decisions emphasized adherence to legal procedures and principles of natural justice, resulting in the allowance of the first three appeals and partial allowance of the fourth for statistical purposes. Case-Laws Income Tax Tue, 27 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56469