https://www.taxtmi.com/caselaws?id=217990 Interest disallowance was not justified where the assessee's interest-free funds exceeded the interest-free advance to a sister concern and no borrowing nexus was shown; the disallowance was deleted. Salary paid to relatives of directors was disallowed because the assessee produced no evidence that services had in fact been rendered, so the burden of proof was not discharged; the disallowance was upheld. en-us Fri, 18 May 2012 00:00:00 +0530 Thu, 01 Nov 2012 09:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217990 Interest disallowance was not justified where the assessee's interest-free funds exceeded the interest-free advance to a sister concern and no borrowing nexus was shown; the disallowance was deleted. Salary paid to relatives of directors was disallowed because the assessee produced no evidence that services had in fact been rendered, so the burden of proof was not discharged; the disallowance was upheld. Case-Laws Income Tax Fri, 18 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217990