https://www.taxtmi.com/caselaws?id=195202 The tribunal dismissed the revenue's appeal on both issues regarding the disallowance of interest on loans diverted for non-business purposes and bad debts. The decision emphasized the importance of factual basis and legal precedents in determining such disallowances, highlighting the necessity of complying with legal provisions and accounting practices in assessments. en-us Fri, 06 Nov 2015 00:00:00 +0530 Mon, 23 Oct 2017 08:17:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195202 The tribunal dismissed the revenue's appeal on both issues regarding the disallowance of interest on loans diverted for non-business purposes and bad debts. The decision emphasized the importance of factual basis and legal precedents in determining such disallowances, highlighting the necessity of complying with legal provisions and accounting practices in assessments. Case-Laws Income Tax Fri, 06 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195202