https://www.taxtmi.com/caselaws?id=182591 The Tribunal upheld the CIT(A)'s decision to delete the addition of interest attributable to interest-free loans in the Assessment Year 2007-08. The Tribunal emphasized the availability of interest-free funds, absence of diversion for non-business purposes, and the correctness of the CIT(A)'s findings. Based on the decision in the assessee's own case from the preceding assessment year, the Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s order. en-us Fri, 22 May 2015 00:00:00 +0530 Sat, 14 May 2016 10:22:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182591 The Tribunal upheld the CIT(A)'s decision to delete the addition of interest attributable to interest-free loans in the Assessment Year 2007-08. The Tribunal emphasized the availability of interest-free funds, absence of diversion for non-business purposes, and the correctness of the CIT(A)'s findings. Based on the decision in the assessee's own case from the preceding assessment year, the Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s order. Case-Laws Income Tax Fri, 22 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182591