https://www.taxtmi.com/caselaws?id=177305 The tribunal allowed the appeal, ruling in favor of the appellant on all issues. The disallowance of interest paid to a sister concern was overturned as the appellant demonstrated surplus funds justifying the loans. The disallowance of repairs and maintenance expenditure was deleted based on past precedent allowing similar claims. The tribunal set aside the disallowance of reduction/writing off of stock in trade for further examination by the AO, granting the appeal for statistical purposes. en-us Wed, 15 Jan 2014 00:00:00 +0530 Thu, 07 Jan 2016 10:37:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177305 The tribunal allowed the appeal, ruling in favor of the appellant on all issues. The disallowance of interest paid to a sister concern was overturned as the appellant demonstrated surplus funds justifying the loans. The disallowance of repairs and maintenance expenditure was deleted based on past precedent allowing similar claims. The tribunal set aside the disallowance of reduction/writing off of stock in trade for further examination by the AO, granting the appeal for statistical purposes. Case-Laws Income Tax Wed, 15 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177305