https://www.taxtmi.com/caselaws?id=270865 The Tribunal allowed the Revenue's appeal, stressing the necessity of demonstrating commercial expediency and a direct nexus between funds advanced to related entities and interest incurred on borrowings to ascertain the deductibility of interest expenses. The decision highlighted the significance of consistency in interpreting tax laws and applying legal precedents for fair and equitable tax assessments. en-us Wed, 28 Oct 2015 00:00:00 +0530 Tue, 19 Jan 2016 13:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270865 The Tribunal allowed the Revenue's appeal, stressing the necessity of demonstrating commercial expediency and a direct nexus between funds advanced to related entities and interest incurred on borrowings to ascertain the deductibility of interest expenses. The decision highlighted the significance of consistency in interpreting tax laws and applying legal precedents for fair and equitable tax assessments. Case-Laws Income Tax Wed, 28 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270865