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2018 (5) TMI 1721 - AT - Income TaxRejection of the books of account - disallowance of interest expenditure - Held that:- As now the assessee is in possessions of regular Books of Accounts, therefore, in the interest of justice we restore the matter back to the file of the AO to verify the relevant Books of Account and for deciding the issue afresh as per law. Disallowance of interest expenditure is primarily due to lack of documentary evidences - thus the matter is restored back to the file of AO to consider it again after giving reasonable opportunity of being heard to the assessee - Assessee's appeal allowed for statistical purposes.
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