https://www.taxtmi.com/caselaws?id=182599 The Tribunal allowed the appellant's appeal, deleting the disallowed interest amount of Rs. 6,56,250. It was found that the appellant had adequate funds from the transfer of land rights to support the interest-free advance made, overturning the decision of the Assessing Officer and the Commissioner of Income Tax (Appeals). The delay in filing the appeal was condoned, and the appeal was admitted for hearing on its merits. en-us Fri, 09 Oct 2015 00:00:00 +0530 Sat, 14 May 2016 10:22:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182599 The Tribunal allowed the appellant's appeal, deleting the disallowed interest amount of Rs. 6,56,250. It was found that the appellant had adequate funds from the transfer of land rights to support the interest-free advance made, overturning the decision of the Assessing Officer and the Commissioner of Income Tax (Appeals). The delay in filing the appeal was condoned, and the appeal was admitted for hearing on its merits. Case-Laws Income Tax Fri, 09 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182599