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2014 (5) TMI 1202 - AT - Income TaxDeduction on account of interest paid to the third parties from the estimated income determined by applying the NP rate - HELD THAT:- As in the instant cases, the Tribunal while allowing the appeal has directed the Assessing Authority to re-compute the total income as estimated by him and allow relief on account of payment of interest and claim of depreciation. The finding recorded by the Tribunal is purely a finding of fact, based on proper appreciation of material on record and the evidence produced by the assessee. As no question of law arises out of the order passed by the Tribunal, we find no fault with the order of the Tribunal declining to refer the question for our opinion. Deduction on account of interest paid to the third parties is to be allowed to the assessee and modify the earlier order passed by the ITAT to this extent.
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