https://www.taxtmi.com/caselaws?id=200524 The High Court dismissed the revenue's appeal, upholding the Tribunal's decision to delete the addition on account of disallowance of interest expenditure. The Court found the Tribunal's findings legally sound, emphasizing the commercial expediency and proper utilization of funds in the context of the assessee's investments in related concerns. The Court concluded that no substantial question of law arose, especially given a prior adjudication against the revenue on a similar issue. en-us Mon, 17 Apr 2017 00:00:00 +0530 Tue, 03 Apr 2018 06:43:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200524 The High Court dismissed the revenue's appeal, upholding the Tribunal's decision to delete the addition on account of disallowance of interest expenditure. The Court found the Tribunal's findings legally sound, emphasizing the commercial expediency and proper utilization of funds in the context of the assessee's investments in related concerns. The Court concluded that no substantial question of law arose, especially given a prior adjudication against the revenue on a similar issue. Case-Laws Income Tax Mon, 17 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200524