https://www.taxtmi.com/caselaws?id=336492 Administrative expenditure disallowance was deleted because the assessee's business structure, recoveries from group concerns, and fixed overhead nature of the showed no adequate basis for attributing the wholly to other group companies. Interest expenditure disallowance was not finally decided because the record did not conclusively establish whether the advances were from borrowed funds or interest-free funds, or whether non-charging of interest was justified by doubtful recoverability of principal. The matter was therefore remanded for fresh factual examination of fund availability, deployment, and the borrowers' status, giving the assessee partial relief overall. en-us Fri, 21 Oct 2016 00:00:00 +0530 Thu, 22 Dec 2016 14:45:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336492 Administrative expenditure disallowance was deleted because the assessee's business structure, recoveries from group concerns, and fixed overhead nature of the showed no adequate basis for attributing the wholly to other group companies. Interest expenditure disallowance was not finally decided because the record did not conclusively establish whether the advances were from borrowed funds or interest-free funds, or whether non-charging of interest was justified by doubtful recoverability of principal. The matter was therefore remanded for fresh factual examination of fund availability, deployment, and the borrowers' status, giving the assessee partial relief overall. Case-Laws Income Tax Fri, 21 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336492