https://www.taxtmi.com/highlights?id=28856 Disallowance of interest paid to the bank as well as to the other parties - Revenue authorities have failed to bring on record any cogent evidence and material to show that the borrowed funds have been utilized for the purposes of investment and were not used for the business purposes - claim allowed - AT en-us Sat, 30 Apr 2016 11:22:31 +0530 Sat, 30 Apr 2016 11:22:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=28856 Disallowance of interest paid to the bank as well as to the other parties - Revenue authorities have failed to bring on record any cogent evidence and material to show that the borrowed funds have been utilized for the purposes of investment and were not used for the business purposes - claim allowed - AT Highlights Income Tax Sat, 30 Apr 2016 11:22:31 +0530 https://www.taxtmi.com/highlights?id=28856