https://www.taxtmi.com/caselaws?id=117159 The tribunal allowed the Revenue's appeals for statistical purposes, emphasizing the lack of evidence supporting a business purpose for the interest-free advance. The tribunal directed the Assessing Officer to disallow interest related to the interest-bearing loans, restricting the disallowance to specific amounts and providing clear guidance for further assessment. en-us Mon, 06 Jan 2003 00:00:00 +0530 Wed, 20 Jun 2012 17:01:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117159 The tribunal allowed the Revenue's appeals for statistical purposes, emphasizing the lack of evidence supporting a business purpose for the interest-free advance. The tribunal directed the Assessing Officer to disallow interest related to the interest-bearing loans, restricting the disallowance to specific amounts and providing clear guidance for further assessment. Case-Laws Income Tax Mon, 06 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117159