https://www.taxtmi.com/caselaws?id=56782 The Tribunal upheld the CIT(A)'s decision regarding the shortage of cash during a survey, ruling that the firm adequately accounted for the cash and explained its source satisfactorily. The disallowance of interest under Section 40(b) was also overturned, with the Tribunal finding no merit in the Department's argument. Additionally, the Tribunal directed a change in the determination of the Annual Letting Value (ALV) for certain properties based on updated legal considerations. The appeals were partly allowed, with instructions for reassessment and reconsideration on specific issues. en-us Wed, 29 Jan 1986 00:00:00 +0530 Mon, 06 Dec 2010 16:57:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56782 The Tribunal upheld the CIT(A)'s decision regarding the shortage of cash during a survey, ruling that the firm adequately accounted for the cash and explained its source satisfactorily. The disallowance of interest under Section 40(b) was also overturned, with the Tribunal finding no merit in the Department's argument. Additionally, the Tribunal directed a change in the determination of the Annual Letting Value (ALV) for certain properties based on updated legal considerations. The appeals were partly allowed, with instructions for reassessment and reconsideration on specific issues. Case-Laws Income Tax Wed, 29 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56782