https://www.taxtmi.com/caselaws?id=334932 The appeals were successful as the Appellate Tribunal overturned the disallowances of interest on investments in sister concerns for the assessment years 2012-13 and 2010-11. The Tribunal found that there were sufficient non-interest borrowing funds available for the investments, supporting the appellant's argument of business expediency. Relying on decisions of higher courts, the Tribunal allowed the appeals, emphasizing the overruling of previous judgments and allowing deductions for investments made from own funds. en-us Wed, 29 Jun 2016 00:00:00 +0530 Wed, 23 Nov 2016 14:54:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334932 The appeals were successful as the Appellate Tribunal overturned the disallowances of interest on investments in sister concerns for the assessment years 2012-13 and 2010-11. The Tribunal found that there were sufficient non-interest borrowing funds available for the investments, supporting the appellant's argument of business expediency. Relying on decisions of higher courts, the Tribunal allowed the appeals, emphasizing the overruling of previous judgments and allowing deductions for investments made from own funds. Case-Laws Income Tax Wed, 29 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334932