https://www.taxtmi.com/caselaws?id=185522 The ITAT Mumbai upheld the deletion of disallowed interest on interest-free advances citing commercial expediency and legal precedents. However, the tribunal allowed the addition of profit on the sale of shares and assets to the book profit under section 115JB based on the judgment of the Hon'ble Kerala High Court, partially favoring the revenue in this aspect. en-us Thu, 29 Sep 2011 00:00:00 +0530 Thu, 21 Sep 2017 09:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185522 The ITAT Mumbai upheld the deletion of disallowed interest on interest-free advances citing commercial expediency and legal precedents. However, the tribunal allowed the addition of profit on the sale of shares and assets to the book profit under section 115JB based on the judgment of the Hon'ble Kerala High Court, partially favoring the revenue in this aspect. Case-Laws Income Tax Thu, 29 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185522