https://www.taxtmi.com/caselaws?id=190049 The High Court admitted the appeal on the first two issues raised by the Revenue, indicating that further examination and deliberation were required on the allowance of loss and the consideration of investigation findings as evidence. However, the Court upheld the Tribunal's decision regarding the disallowance of interest on funds lent as interest-free loans, finding it to be legally supported and sustainable. en-us Tue, 11 Jan 2011 00:00:00 +0530 Thu, 02 Feb 2017 15:05:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190049 The High Court admitted the appeal on the first two issues raised by the Revenue, indicating that further examination and deliberation were required on the allowance of loss and the consideration of investigation findings as evidence. However, the Court upheld the Tribunal's decision regarding the disallowance of interest on funds lent as interest-free loans, finding it to be legally supported and sustainable. Case-Laws Income Tax Tue, 11 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190049