https://www.taxtmi.com/caselaws?id=181804 The Appellate Tribunal upheld the decision of the Commissioner of Income-tax (Appeals) to delete the disallowance of interest payments, amounting to &8377; 10,93,754/-. The Tribunal found that the investment made by the appellant was intended to earn income, even though no interest was received during the relevant period. The Tribunal concluded that the disallowance was not justified based on this intention, dismissing the Revenue's appeal. en-us Wed, 13 Apr 2011 00:00:00 +0530 Mon, 25 Apr 2016 15:06:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181804 The Appellate Tribunal upheld the decision of the Commissioner of Income-tax (Appeals) to delete the disallowance of interest payments, amounting to &8377; 10,93,754/-. The Tribunal found that the investment made by the appellant was intended to earn income, even though no interest was received during the relevant period. The Tribunal concluded that the disallowance was not justified based on this intention, dismissing the Revenue's appeal. Case-Laws Income Tax Wed, 13 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181804