https://www.taxtmi.com/caselaws?id=63815 The Tribunal upheld the CIT(A)'s decision, allowing the interest deduction under Section 36(1)(iii) of the IT Act for the investment in shares of sister concerns. Additionally, the interest was deemed allowable under Section 57(iii) as an alternative claim. The Revenue's appeal was dismissed, affirming that the investment in sister concern shares was for the assessee's business purposes. en-us Mon, 17 Jan 2005 00:00:00 +0530 Wed, 18 Jul 2012 17:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63815 The Tribunal upheld the CIT(A)'s decision, allowing the interest deduction under Section 36(1)(iii) of the IT Act for the investment in shares of sister concerns. Additionally, the interest was deemed allowable under Section 57(iii) as an alternative claim. The Revenue's appeal was dismissed, affirming that the investment in sister concern shares was for the assessee's business purposes. Case-Laws Income Tax Mon, 17 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63815