https://www.taxtmi.com/caselaws?id=264443 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions. The assessee was allowed to set off unabsorbed business loss and depreciation related to an amalgamated company. Additionally, the disallowance of interest on advances was overturned due to the availability of interest-free funds and the business purpose of the advances. en-us Tue, 01 Sep 2015 00:00:00 +0530 Fri, 25 Sep 2015 07:32:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264443 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions. The assessee was allowed to set off unabsorbed business loss and depreciation related to an amalgamated company. Additionally, the disallowance of interest on advances was overturned due to the availability of interest-free funds and the business purpose of the advances. Case-Laws Income Tax Tue, 01 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264443