https://www.taxtmi.com/caselaws?id=164062 The High Court dismissed the Tax Appeal filed by the Commissioner of Income-tax-III, Ahmedabad for the assessment year 2001-02. The Court affirmed the Tribunal's decision to delete the disallowance of interest related to business purposes, as it found that interest-bearing funds were utilized for business needs, and no substantial question of law arose from the Tribunal's order. en-us Mon, 15 Feb 2010 00:00:00 +0530 Thu, 17 Apr 2014 11:31:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164062 The High Court dismissed the Tax Appeal filed by the Commissioner of Income-tax-III, Ahmedabad for the assessment year 2001-02. The Court affirmed the Tribunal's decision to delete the disallowance of interest related to business purposes, as it found that interest-bearing funds were utilized for business needs, and no substantial question of law arose from the Tribunal's order. Case-Laws Income Tax Mon, 15 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164062