https://www.taxtmi.com/caselaws?id=179245 The appeals by the revenue were dismissed, and the appeals by the assessee were allowed, except for the partial allowance for the assessment year 2003-04. The Tribunal consistently followed the principle that sufficient interest-free funds negate the need for disallowance of interest on borrowed funds used for investments or advances. en-us Fri, 18 Feb 2011 00:00:00 +0530 Tue, 23 Feb 2016 18:42:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179245 The appeals by the revenue were dismissed, and the appeals by the assessee were allowed, except for the partial allowance for the assessment year 2003-04. The Tribunal consistently followed the principle that sufficient interest-free funds negate the need for disallowance of interest on borrowed funds used for investments or advances. Case-Laws Income Tax Fri, 18 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179245