https://www.taxtmi.com/caselaws?id=194483 The Court upheld the Tribunal's decision that the Assessee had sufficient interest-free funds for advances to sister concerns, leading to the conclusion that the partial disallowance of interest paid on loans was unjustified. The Court found the Tribunal's factual determination non-perverse, resulting in the dismissal of the Appeal without costs. en-us Mon, 03 Oct 2016 00:00:00 +0530 Mon, 11 Sep 2017 07:43:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194483 The Court upheld the Tribunal's decision that the Assessee had sufficient interest-free funds for advances to sister concerns, leading to the conclusion that the partial disallowance of interest paid on loans was unjustified. The Court found the Tribunal's factual determination non-perverse, resulting in the dismissal of the Appeal without costs. Case-Laws Income Tax Mon, 03 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194483