https://www.taxtmi.com/caselaws?id=333572 The Tribunal dismissed the Revenue's appeal on the violation of Rule 46A and the allowability of Rs. 40,32,762/- under Section 43B of the Income Tax Act. However, the Tribunal partly allowed the assessee's appeal on the disallowance of interest amounting to Rs. 38,63,307/-, directing the AO to recompute the disallowance based on the proportionate use of borrowed funds by the group company. en-us Fri, 26 Aug 2016 00:00:00 +0530 Tue, 18 Oct 2016 08:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333572 The Tribunal dismissed the Revenue's appeal on the violation of Rule 46A and the allowability of Rs. 40,32,762/- under Section 43B of the Income Tax Act. However, the Tribunal partly allowed the assessee's appeal on the disallowance of interest amounting to Rs. 38,63,307/-, directing the AO to recompute the disallowance based on the proportionate use of borrowed funds by the group company. Case-Laws Income Tax Fri, 26 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333572