https://www.taxtmi.com/caselaws?id=271065 The Tribunal allowed the appeal, deleting the disallowance of interest expenditure under section 36(1)(iii) as the assessee had sufficient interest-free funds for loans to a sister concern, deemed to be for commercial expediency. The disallowance under section 14A of the Act was restored to the Assessing Officer for examination due to the absence of exempt income and procedural issues. en-us Fri, 06 Nov 2015 00:00:00 +0530 Mon, 25 Jan 2016 22:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271065 The Tribunal allowed the appeal, deleting the disallowance of interest expenditure under section 36(1)(iii) as the assessee had sufficient interest-free funds for loans to a sister concern, deemed to be for commercial expediency. The disallowance under section 14A of the Act was restored to the Assessing Officer for examination due to the absence of exempt income and procedural issues. Case-Laws Income Tax Fri, 06 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271065