https://www.taxtmi.com/caselaws?id=334778 The High Court of Calcutta dismissed the appeal, upholding the decisions regarding the disallowance of interest under section 43B of the Income Tax Act and interest on a loan for non-business purposes. The court affirmed the findings of the CIT(A) and Tribunal, emphasizing the lack of outstanding interest and adherence to legal provisions. The disallowance of interest was deemed unnecessary under section 43B, and the disallowance of interest on a non-business loan was upheld based on specific circumstances and legal interpretations. en-us Mon, 25 Jul 2016 00:00:00 +0530 Thu, 17 Nov 2016 18:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334778 The High Court of Calcutta dismissed the appeal, upholding the decisions regarding the disallowance of interest under section 43B of the Income Tax Act and interest on a loan for non-business purposes. The court affirmed the findings of the CIT(A) and Tribunal, emphasizing the lack of outstanding interest and adherence to legal provisions. The disallowance of interest was deemed unnecessary under section 43B, and the disallowance of interest on a non-business loan was upheld based on specific circumstances and legal interpretations. Case-Laws Income Tax Mon, 25 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334778