https://www.taxtmi.com/caselaws?id=192326 The Tribunal allowed the appeals of the assessee for statistical purposes, emphasizing the need for a detailed examination of facts and legal principles before disallowing interest under section 36(1)(iii) and section 14A. The matter was remanded back to the Assessing Officer for further examination of the facts regarding the claim of interest by the assessee, particularly concerning the diversion of borrowed funds to subsidiary companies. en-us Mon, 31 Oct 2011 00:00:00 +0530 Wed, 24 May 2017 18:43:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192326 The Tribunal allowed the appeals of the assessee for statistical purposes, emphasizing the need for a detailed examination of facts and legal principles before disallowing interest under section 36(1)(iii) and section 14A. The matter was remanded back to the Assessing Officer for further examination of the facts regarding the claim of interest by the assessee, particularly concerning the diversion of borrowed funds to subsidiary companies. Case-Laws Income Tax Mon, 31 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192326