https://www.taxtmi.com/caselaws?id=218787 The ITAT Pune ruled in favor of the assessee, setting aside the disallowance of salaries paid to employees deputed from sister concerns under section 40A(2)(b) and section 40(a)(ia) of the Income-tax Act, 1961. The ITAT found the payments were reimbursement for services rendered, with no evidence of tax evasion. Additionally, the ITAT upheld the deletion of the disallowance of interest expenditure under section 36(1)(iii) of the Act, emphasizing the availability of interest-free owned funds and lack of proof of non-business advances. en-us Thu, 26 Jul 2012 00:00:00 +0530 Tue, 16 Oct 2012 15:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218787 The ITAT Pune ruled in favor of the assessee, setting aside the disallowance of salaries paid to employees deputed from sister concerns under section 40A(2)(b) and section 40(a)(ia) of the Income-tax Act, 1961. The ITAT found the payments were reimbursement for services rendered, with no evidence of tax evasion. Additionally, the ITAT upheld the deletion of the disallowance of interest expenditure under section 36(1)(iii) of the Act, emphasizing the availability of interest-free owned funds and lack of proof of non-business advances. Case-Laws Income Tax Thu, 26 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218787