https://www.taxtmi.com/caselaws?id=326691 The Tribunal allowed the appeals of both assessees for all the assessment years. It quashed the assessments made under Section 153A due to the absence of incriminating material and deleted the disallowance of interest expenses, citing sufficient interest-free funds and the lack of a direct nexus established by the Assessing Officer. en-us Fri, 18 Mar 2016 00:00:00 +0530 Fri, 22 Apr 2016 08:49:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326691 The Tribunal allowed the appeals of both assessees for all the assessment years. It quashed the assessments made under Section 153A due to the absence of incriminating material and deleted the disallowance of interest expenses, citing sufficient interest-free funds and the lack of a direct nexus established by the Assessing Officer. Case-Laws Income Tax Fri, 18 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326691