https://www.taxtmi.com/caselaws?id=385734 The High Court allowed the appeal filed by the assessee, emphasizing the need for decisions to be grounded in factual evidence rather than personal opinions. The court held that the findings of the lower authorities and the Tribunal were perverse, intervening to address the attribution of mixed funds and the deduction of interest on borrowed funds for commercial expediency. The Court highlighted the guarantor role of the assessee's husband in obtaining the cash credit facility, making him jointly and severally liable with the assessee. en-us Fri, 09 Aug 2019 00:00:00 +0530 Thu, 12 Sep 2019 15:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385734 The High Court allowed the appeal filed by the assessee, emphasizing the need for decisions to be grounded in factual evidence rather than personal opinions. The court held that the findings of the lower authorities and the Tribunal were perverse, intervening to address the attribution of mixed funds and the deduction of interest on borrowed funds for commercial expediency. The Court highlighted the guarantor role of the assessee's husband in obtaining the cash credit facility, making him jointly and severally liable with the assessee. Case-Laws Income Tax Fri, 09 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385734