https://www.taxtmi.com/caselaws?id=379063 The Tribunal dismissed all grounds of appeal by the Assessing Officer, upholding the decisions of the CIT(A) in favor of the assessee. The disallowance of interest expenditure claimed as a provision, disallowance of interest-free loans to sister concerns, and disallowance of payments for product registration in Iraq were all ruled in favor of the assessee based on legal principles and previous judgments. The Tribunal also dismissed the appeals by the assessee and cross objections due to lack of prosecution. en-us Mon, 04 Mar 2019 00:00:00 +0530 Fri, 26 Apr 2019 18:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379063 The Tribunal dismissed all grounds of appeal by the Assessing Officer, upholding the decisions of the CIT(A) in favor of the assessee. The disallowance of interest expenditure claimed as a provision, disallowance of interest-free loans to sister concerns, and disallowance of payments for product registration in Iraq were all ruled in favor of the assessee based on legal principles and previous judgments. The Tribunal also dismissed the appeals by the assessee and cross objections due to lack of prosecution. Case-Laws Income Tax Mon, 04 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379063