https://www.taxtmi.com/caselaws?id=187125 The Revenue's challenge to the deletion of disallowance of interest was dismissed by the Tribunal, which upheld the CIT(A)'s decision. The Tribunal emphasized the need for consistency and found no justification for disallowing interest when no new investments were made during the assessment years under consideration. The Tribunal allowed all appeals by the assessee, emphasizing the lack of nexus between borrowed funds and non-business investments and the presence of sufficient own funds for investments. en-us Fri, 07 May 2010 00:00:00 +0530 Wed, 12 Oct 2016 10:35:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187125 The Revenue's challenge to the deletion of disallowance of interest was dismissed by the Tribunal, which upheld the CIT(A)'s decision. The Tribunal emphasized the need for consistency and found no justification for disallowing interest when no new investments were made during the assessment years under consideration. The Tribunal allowed all appeals by the assessee, emphasizing the lack of nexus between borrowed funds and non-business investments and the presence of sufficient own funds for investments. Case-Laws Income Tax Fri, 07 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187125