https://www.taxtmi.com/caselaws?id=251859 The High Court upheld the Tribunal's decision to delete disallowances on interest expenses, emphasizing the commercial nature of the sarafi business and lack of evidence supporting diversion of funds. The judgment stressed the importance of concurrent findings of fact based on evidence on record and dismissed the appeal as no substantial question of law warranting interference was identified. en-us Tue, 19 Aug 2014 00:00:00 +0530 Mon, 20 Jul 2026 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251859 The High Court upheld the Tribunal's decision to delete disallowances on interest expenses, emphasizing the commercial nature of the sarafi business and lack of evidence supporting diversion of funds. The judgment stressed the importance of concurrent findings of fact based on evidence on record and dismissed the appeal as no substantial question of law warranting interference was identified. Case-Laws Income Tax Tue, 19 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251859