https://www.taxtmi.com/caselaws?id=190825 The High Court upheld the ITAT's decision to delete the interest addition related to borrowings for investment in the sister-concern, ruling in favor of the assessee and against the Revenue. The Court remanded the matter to the Assessing Officer to verify the conditions for bad debts claimed under Section 36(1)(vii) of the Income-tax Act. en-us Tue, 28 Jun 2011 00:00:00 +0530 Fri, 07 Apr 2023 15:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190825 The High Court upheld the ITAT's decision to delete the interest addition related to borrowings for investment in the sister-concern, ruling in favor of the assessee and against the Revenue. The Court remanded the matter to the Assessing Officer to verify the conditions for bad debts claimed under Section 36(1)(vii) of the Income-tax Act. Case-Laws Income Tax Tue, 28 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190825