https://www.taxtmi.com/caselaws?id=237832 The High Court upheld the decisions of the lower authorities disallowing interest expenditure claimed by the assessee, finding no error in their approach. The Tribunal's decision, based on factual considerations, was affirmed, dismissing the Revenue's appeal for lack of substantial legal questions. The High Court concluded that the lower authorities appropriately addressed the issues raised, emphasizing factual findings and reasoning. The appeal by the Revenue was dismissed as unsustainable, with the High Court finding no grounds for interference. en-us Tue, 16 Jul 2013 00:00:00 +0530 Mon, 07 Oct 2013 22:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237832 The High Court upheld the decisions of the lower authorities disallowing interest expenditure claimed by the assessee, finding no error in their approach. The Tribunal's decision, based on factual considerations, was affirmed, dismissing the Revenue's appeal for lack of substantial legal questions. The High Court concluded that the lower authorities appropriately addressed the issues raised, emphasizing factual findings and reasoning. The appeal by the Revenue was dismissed as unsustainable, with the High Court finding no grounds for interference. Case-Laws Income Tax Tue, 16 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237832