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2009 (11) TMI 37 - PUNJAB AND HARYANA HIGH COURTAddition on account of waiver of interest – deletion of addition made by the AO on account of interest remitted and entries reversed by the assessee amounting to Rs.24,48,161 – held that - The Assessing Officer disallowed the waiver of interest on the ground that for the period to which waiver related, income had already been taxed, as mercantile system of accountancy had been employed. The CIT (A) followed the earlier orders which have not been annexed with the paper book - Since the revenue has neither filed the orders for the earlier assessment years, which have been followed nor it has been shown that the said orders have been interfered with, the questions have to be answered against the revenue and in favour of the assessee to maintain consistency.
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