https://www.taxtmi.com/caselaws?id=151183 The Tribunal upheld the deletion of interest disallowances in the case. It found that the assessee had sufficient own funds to cover investments in shares and that there was no evidence of a nexus between borrowed funds and non-business investments. Consequently, the Tribunal dismissed the Revenue's appeals and allowed the assessee's appeals, affirming the decisions made by the Commissioner of Income-tax (Appeals) in favor of the assessee. en-us Fri, 07 May 2010 00:00:00 +0530 Sat, 01 Jun 2013 11:45:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151183 The Tribunal upheld the deletion of interest disallowances in the case. It found that the assessee had sufficient own funds to cover investments in shares and that there was no evidence of a nexus between borrowed funds and non-business investments. Consequently, the Tribunal dismissed the Revenue's appeals and allowed the assessee's appeals, affirming the decisions made by the Commissioner of Income-tax (Appeals) in favor of the assessee. Case-Laws Income Tax Fri, 07 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151183