https://www.taxtmi.com/caselaws?id=281365 The Appellate Tribunal upheld the Commissioner of Income Tax (Appeals)' decisions on disallowance of interest on advances to a sister concern without commercial expediency, disallowance of notional rental income, and admission of additional evidence. The Tribunal dismissed the Revenue's appeal, citing the sufficiency of interest-free funds for advances, lack of basis for notional rental income calculation, and inconsequential nature of additional evidence. The judgment was pronounced on 19th February 2014. en-us Wed, 19 Feb 2014 00:00:00 +0530 Sun, 16 Jun 2019 06:22:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281365 The Appellate Tribunal upheld the Commissioner of Income Tax (Appeals)' decisions on disallowance of interest on advances to a sister concern without commercial expediency, disallowance of notional rental income, and admission of additional evidence. The Tribunal dismissed the Revenue's appeal, citing the sufficiency of interest-free funds for advances, lack of basis for notional rental income calculation, and inconsequential nature of additional evidence. The judgment was pronounced on 19th February 2014. Case-Laws Income Tax Wed, 19 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281365