https://www.taxtmi.com/caselaws?id=256165 The Tribunal upheld the disallowance of interest payment to a group company, ruling it as income diversion. The disallowance of rent payment was initially deleted by the CIT(A) but sent back for further examination by the AO. The disallowance of professional charges was overturned, with the Tribunal finding them to be incurred for business purposes. The Tribunal dismissed the assessee's appeal on interest payment and the revenue's appeal on professional charges but allowed the revenue's appeal on rent payment for reassessment by the AO. en-us Mon, 02 Feb 2015 00:00:00 +0530 Sat, 16 May 2015 14:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256165 The Tribunal upheld the disallowance of interest payment to a group company, ruling it as income diversion. The disallowance of rent payment was initially deleted by the CIT(A) but sent back for further examination by the AO. The disallowance of professional charges was overturned, with the Tribunal finding them to be incurred for business purposes. The Tribunal dismissed the assessee's appeal on interest payment and the revenue's appeal on professional charges but allowed the revenue's appeal on rent payment for reassessment by the AO. Case-Laws Income Tax Mon, 02 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256165