https://www.taxtmi.com/highlights?id=48282 Disallowance of interest u/s 36(1)(iii) - interest bearing loans versus advances - as long as commercial expediency is established, there remains no reason for making any disallowance and it is entirely the prerogative of the assessee to charge or not to charge interest on such advances made. The AO cannot sit in the arm chair of the businessman and determine how the business is to be run. en-us Tue, 30 Jul 2019 07:36:15 +0530 Tue, 30 Jul 2019 07:36:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=48282 Disallowance of interest u/s 36(1)(iii) - interest bearing loans versus advances - as long as commercial expediency is established, there remains no reason for making any disallowance and it is entirely the prerogative of the assessee to charge or not to charge interest on such advances made. The AO cannot sit in the arm chair of the businessman and determine how the business is to be run. Highlights Income Tax Tue, 30 Jul 2019 07:36:15 +0530 https://www.taxtmi.com/highlights?id=48282