https://www.taxtmi.com/caselaws?id=70980 The ITAT upheld the disallowance of interest under section 57(iii) but allowed it under section 67, directing the AO to permit the deduction. Additionally, the ITAT reversed the deletion of income under sections 69 and 69A, confirming the Assessing Officer's decision overruling the CIT (Appeals). Both the assessee's and the revenue's appeals were dismissed. en-us Thu, 21 Jan 1993 00:00:00 +0530 Wed, 20 Apr 2011 14:56:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70980 The ITAT upheld the disallowance of interest under section 57(iii) but allowed it under section 67, directing the AO to permit the deduction. Additionally, the ITAT reversed the deletion of income under sections 69 and 69A, confirming the Assessing Officer's decision overruling the CIT (Appeals). Both the assessee's and the revenue's appeals were dismissed. Case-Laws Income Tax Thu, 21 Jan 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70980