https://www.taxtmi.com/caselaws?id=13235 The Tribunal's decision to delete the disallowance of interest on the term loan was upheld as legally sound and based on the evidence presented, in accordance with relevant legal precedents. The Commissioner's request for a reference on the issue was rejected, affirming the Tribunal's ruling in favor of the respondent-assessee's claim under sections 36(1)(iii) and 57(iii) of the Income-tax Act, 1961. en-us Mon, 11 Dec 2006 00:00:00 +0530 Wed, 27 May 2009 14:56:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13235 The Tribunal's decision to delete the disallowance of interest on the term loan was upheld as legally sound and based on the evidence presented, in accordance with relevant legal precedents. The Commissioner's request for a reference on the issue was rejected, affirming the Tribunal's ruling in favor of the respondent-assessee's claim under sections 36(1)(iii) and 57(iii) of the Income-tax Act, 1961. Case-Laws Income Tax Mon, 11 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13235