https://www.taxtmi.com/caselaws?id=68342 The appeal was partly allowed. The disallowance of interest expenditure related to an interest-free loan was overturned as the Tribunal found no nexus between borrowed funds and the advance. However, disallowances of various office expenses were upheld due to perceived personal elements. The disallowance of ESI expenses was reversed as the entire amount was paid from the company's funds with no employee contributions. en-us Mon, 24 Apr 2000 00:00:00 +0530 Tue, 29 Mar 2011 13:39:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68342 The appeal was partly allowed. The disallowance of interest expenditure related to an interest-free loan was overturned as the Tribunal found no nexus between borrowed funds and the advance. However, disallowances of various office expenses were upheld due to perceived personal elements. The disallowance of ESI expenses was reversed as the entire amount was paid from the company's funds with no employee contributions. Case-Laws Income Tax Mon, 24 Apr 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68342