https://www.taxtmi.com/highlights?id=50649 Disallowance of interest on borrowings - assessee has not been able to prove that there is commercial expediency in diverting interest free funds to the sisterconcerns when assessee was paying huge interest on its borrowings - Therefore, the interest expenditure to the extent of funds diverted to sister concerns has been rightly disallowed by the A.O. en-us Tue, 10 Dec 2019 13:21:13 +0530 Tue, 10 Dec 2019 13:21:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=50649 Disallowance of interest on borrowings - assessee has not been able to prove that there is commercial expediency in diverting interest free funds to the sisterconcerns when assessee was paying huge interest on its borrowings - Therefore, the interest expenditure to the extent of funds diverted to sister concerns has been rightly disallowed by the A.O. Highlights Income Tax Tue, 10 Dec 2019 13:21:13 +0530 https://www.taxtmi.com/highlights?id=50649