Appeal allowed; proviso to s.251(1)(a) exceeded-remand confined to s.36(1)(iii) disallowance; delete commercially expedient investments, verify linkage with interest-free funds

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....ITAT allowed the appeal for statistical purposes, holding that the CIT(A) exceeded the remit of the proviso to s.251(1)(a) by directing a de novo reassessment when the default related solely to disallowance under s.36(1)(iii). The Tribunal restrained the remand to the discrete issue of s.36(1)(iii) disallowance: it directed deletion of the disallowance insofar as impugned investments fall within the doctrine of commercial expediency and are consistent with prior treatment, and restored remaining investments to the AO for limited verification confined to linkage with interest-free funds and the validity of the s.36(1)(iii) disallowance.....