https://www.taxtmi.com/caselaws?id=193206 The Tribunal partially allowed the appeal, ruling in favor of the appellant on the disallowance of interest under section 36(1)(iii) on loans and advances. The Tribunal emphasized the importance of considering the business nature of transactions and providing a fair opportunity for the appellant to present evidence. The matter was remanded to the Assessing Officer for a fresh decision on certain issues after considering the documentary evidence provided by the appellant. en-us Wed, 06 Apr 2016 00:00:00 +0530 Tue, 18 Jul 2017 10:26:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193206 The Tribunal partially allowed the appeal, ruling in favor of the appellant on the disallowance of interest under section 36(1)(iii) on loans and advances. The Tribunal emphasized the importance of considering the business nature of transactions and providing a fair opportunity for the appellant to present evidence. The matter was remanded to the Assessing Officer for a fresh decision on certain issues after considering the documentary evidence provided by the appellant. Case-Laws Income Tax Wed, 06 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193206