https://www.taxtmi.com/caselaws?id=103109 The Appellate Tribunal ITAT CHANDIGARH upheld the decisions of the learned CIT(A) in a case involving the deletion of additions related to interest on interest-free advances and low household withdrawals. The Tribunal found no nexus between borrowed funds and advances made, leading to the deletion of the interest addition. Additionally, past ITAT orders influenced the deletion of the low household withdrawals addition. Consequently, the Tribunal dismissed the Revenue's appeal, affirming the deletions made by the CIT(A). en-us Thu, 31 Oct 2002 00:00:00 +0530 Mon, 20 Feb 2012 17:45:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103109 The Appellate Tribunal ITAT CHANDIGARH upheld the decisions of the learned CIT(A) in a case involving the deletion of additions related to interest on interest-free advances and low household withdrawals. The Tribunal found no nexus between borrowed funds and advances made, leading to the deletion of the interest addition. Additionally, past ITAT orders influenced the deletion of the low household withdrawals addition. Consequently, the Tribunal dismissed the Revenue's appeal, affirming the deletions made by the CIT(A). Case-Laws Income Tax Thu, 31 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103109