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2018 (1) TMI 1296 - AT - Income TaxDisallowance u/s. 43B(d) on account of payment to LIC - Held that:- We find that the Tribunal had directed the assessee to file details of interest payment to decide the issue. But till the passing of this order, the assessee has not filed any detail that could prove that the stand taken by the AO was factually incorrect. We do not know how the FAA arrived at the conclusion, that the payment made by the assessee under the head interest expenditure was relatable to loans and not about the restructured loans. We agree with the argument of DR that the order of the FAA was non-speaking and very cryptic. We are unaware of the reasons as to why the assessee did not file details of interest payments to prove his case. Therefore, in our opinion the matter should be investigated and verified further.
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