https://www.taxtmi.com/highlights?id=48188 Disallowance on account of non- utilisation of loan - @ 14% of loan amount - there is nothing on the record that the assessee has diverted interest bearing borrowed funds by granting interest free loans to sister concern and even The turnover of the assessee was increase @ 17% - it cannot be concluded that the assessee used the working capital for other than business purpose - disallowance deleted en-us Thu, 25 Jul 2019 08:51:40 +0530 Thu, 25 Jul 2019 08:51:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=48188 Disallowance on account of non- utilisation of loan - @ 14% of loan amount - there is nothing on the record that the assessee has diverted interest bearing borrowed funds by granting interest free loans to sister concern and even The turnover of the assessee was increase @ 17% - it cannot be concluded that the assessee used the working capital for other than business purpose - disallowance deleted Highlights Income Tax Thu, 25 Jul 2019 08:51:40 +0530 https://www.taxtmi.com/highlights?id=48188