CIT(Appeals) Deletes Interest Expense Additions Due to Lack of Evidence u/s 57, Rejects Speculative Claims.

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....Addition of interest expenses claimed u/s 57 - All the details were before the CIT(Appeals) but instead of pin pointing any concrete diversion of interest bearing funds; CIT(Appeals) only assumed that some funds might have been used by the assessee for some other purposes - Additions deleted.....