https://www.taxtmi.com/caselaws?id=384642 The Tribunal dismissed the jurisdictional challenge based on previous acceptance of similar assessments by the assessee without challenge. Regarding the disallowance of interest under section 36(1)(iii) of the Act, the Tribunal directed the Assessing Officer to delete the disallowance for both assessment years, citing utilization of funds by subsidiary companies for business purposes as per judicial precedents. The appeals were allowed in favor of the assessee, with the orders pronounced on 14.06.2019. en-us Fri, 14 Jun 2019 00:00:00 +0530 Mon, 19 Aug 2019 18:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384642 The Tribunal dismissed the jurisdictional challenge based on previous acceptance of similar assessments by the assessee without challenge. Regarding the disallowance of interest under section 36(1)(iii) of the Act, the Tribunal directed the Assessing Officer to delete the disallowance for both assessment years, citing utilization of funds by subsidiary companies for business purposes as per judicial precedents. The appeals were allowed in favor of the assessee, with the orders pronounced on 14.06.2019. Case-Laws Income Tax Fri, 14 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384642