https://www.taxtmi.com/caselaws?id=245234 The Tribunal ruled in favor of the assessee, upholding the Commissioner of Income Tax(A)'s decision to delete the disallowances made under section 36(1)(ii) based on the lack of established nexus and the reasonable explanation provided by the assessee regarding the utilization of funds. The Tribunal found no valid reason to interfere with the Commissioner's order, leading to the dismissal of the Revenue's appeals and the Cross objections filed by the assessee. en-us Fri, 07 Mar 2014 00:00:00 +0530 Mon, 24 Mar 2014 14:35:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245234 The Tribunal ruled in favor of the assessee, upholding the Commissioner of Income Tax(A)'s decision to delete the disallowances made under section 36(1)(ii) based on the lack of established nexus and the reasonable explanation provided by the assessee regarding the utilization of funds. The Tribunal found no valid reason to interfere with the Commissioner's order, leading to the dismissal of the Revenue's appeals and the Cross objections filed by the assessee. Case-Laws Income Tax Fri, 07 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245234