https://www.taxtmi.com/caselaws?id=184731 The Tribunal partially allowed the assessee's appeal, adjusting the interest income to only Rs. 6,24,251 for the Assessment Year under consideration, excluding the principal amount. However, the disallowance of the business loss of Rs. 13,56,841 was upheld due to lack of genuine transactions and the apparent attempt to set off substantial interest income. en-us Tue, 13 Apr 2010 00:00:00 +0530 Fri, 16 Jun 2017 11:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184731 The Tribunal partially allowed the assessee's appeal, adjusting the interest income to only Rs. 6,24,251 for the Assessment Year under consideration, excluding the principal amount. However, the disallowance of the business loss of Rs. 13,56,841 was upheld due to lack of genuine transactions and the apparent attempt to set off substantial interest income. Case-Laws Income Tax Tue, 13 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184731