https://www.taxtmi.com/caselaws?id=357330 The Tribunal upheld the Ld. CIT(A)'s decision to delete the interest disallowance made by the A.O. The Tribunal found a nexus between the loans taken against fixed deposits and the interest income earned, supported by interest-free funds available to the assessee. Citing a previous Tribunal order in the assessee's favor for a similar issue in a previous assessment year, the Tribunal dismissed the revenue's appeal, emphasizing the consistency in facts and issues. en-us Wed, 14 Mar 2018 00:00:00 +0530 Wed, 21 Mar 2018 11:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357330 The Tribunal upheld the Ld. CIT(A)'s decision to delete the interest disallowance made by the A.O. The Tribunal found a nexus between the loans taken against fixed deposits and the interest income earned, supported by interest-free funds available to the assessee. Citing a previous Tribunal order in the assessee's favor for a similar issue in a previous assessment year, the Tribunal dismissed the revenue's appeal, emphasizing the consistency in facts and issues. Case-Laws Income Tax Wed, 14 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357330