https://www.taxtmi.com/caselaws?id=218784 The ITAT upheld the CIT(A)'s decisions in a case involving the deletion of disallowance of interest expenses and payment of PF and ESIC. The Revenue's appeal was dismissed as the ITAT found that the disallowances were not warranted, with the CIT(A) ruling in favor of the assessee based on lack of nexus between interest-bearing funds and lower interest rate advances, and timely payments of PF and ESIC before the return due date. en-us Wed, 25 Jan 2012 00:00:00 +0530 Mon, 26 Nov 2012 09:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218784 The ITAT upheld the CIT(A)'s decisions in a case involving the deletion of disallowance of interest expenses and payment of PF and ESIC. The Revenue's appeal was dismissed as the ITAT found that the disallowances were not warranted, with the CIT(A) ruling in favor of the assessee based on lack of nexus between interest-bearing funds and lower interest rate advances, and timely payments of PF and ESIC before the return due date. Case-Laws Income Tax Wed, 25 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218784