https://www.taxtmi.com/caselaws?id=178208 The Tribunal allowed the appeal, ruling in favor of the assessee by overturning the disallowance of interest under section 36(1)(iii) and the enhancement of income by Rs. 25 lakhs. The decision highlighted the importance of demonstrating the use of interest-free funds and restricted the appellate authority's power to enhance income to matters considered by the assessing officer. en-us Wed, 25 Feb 2015 00:00:00 +0530 Sat, 30 Jan 2016 10:18:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178208 The Tribunal allowed the appeal, ruling in favor of the assessee by overturning the disallowance of interest under section 36(1)(iii) and the enhancement of income by Rs. 25 lakhs. The decision highlighted the importance of demonstrating the use of interest-free funds and restricted the appellate authority's power to enhance income to matters considered by the assessing officer. Case-Laws Income Tax Wed, 25 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178208