https://www.taxtmi.com/caselaws?id=369064 The Appellate Tribunal dismissed the revenue's miscellaneous application seeking rectification of an order due to non-adjudication of specific grounds related to the deletion of disallowance of interest on interest-free advances to staff. The Tribunal upheld the respondent's argument that the company's own funds exceeded the advances given, justifying the deletion under section 36(1)(iii) of the Act. Relying on relevant case law and high court decisions, the Tribunal ruled in favor of the respondent, modifying the order to reflect the decision on the disputed grounds. The impugned order was pronounced on 16.10.2018. en-us Tue, 16 Oct 2018 00:00:00 +0530 Sat, 20 Oct 2018 09:58:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369064 The Appellate Tribunal dismissed the revenue's miscellaneous application seeking rectification of an order due to non-adjudication of specific grounds related to the deletion of disallowance of interest on interest-free advances to staff. The Tribunal upheld the respondent's argument that the company's own funds exceeded the advances given, justifying the deletion under section 36(1)(iii) of the Act. Relying on relevant case law and high court decisions, the Tribunal ruled in favor of the respondent, modifying the order to reflect the decision on the disputed grounds. The impugned order was pronounced on 16.10.2018. Case-Laws Income Tax Tue, 16 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369064