https://www.taxtmi.com/highlights?id=32974 Disallowance of interest paid to banks & others - When interest free funds and interest bearing funds are mixed together, they loose their respective identity and hence the presumption should be that the assessee has used interest free funds to give interest free advances to persons covered by sec. 40A(2)(b) - AT en-us Mon, 23 Jan 2017 08:56:22 +0530 Mon, 23 Jan 2017 08:56:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=32974 Disallowance of interest paid to banks & others - When interest free funds and interest bearing funds are mixed together, they loose their respective identity and hence the presumption should be that the assessee has used interest free funds to give interest free advances to persons covered by sec. 40A(2)(b) - AT Highlights Income Tax Mon, 23 Jan 2017 08:56:22 +0530 https://www.taxtmi.com/highlights?id=32974