https://www.taxtmi.com/highlights?id=53524 Disallowance u/s 36(1)(iii) - interest expenses - The only plea of the assessee is that the assessee had mortgaged its property to avail bank loans for the sister concerns and if the sister concerns failed in their business, it will effect the profitability of the assessee - assessee has not produced an iota of evidence to prove that it has mortgaged its property, and on its classification of funds as NPA, it would affect the assessee's profitability. en-us Thu, 28 May 2020 11:35:25 +0530 Thu, 28 May 2020 11:35:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=53524 Disallowance u/s 36(1)(iii) - interest expenses - The only plea of the assessee is that the assessee had mortgaged its property to avail bank loans for the sister concerns and if the sister concerns failed in their business, it will effect the profitability of the assessee - assessee has not produced an iota of evidence to prove that it has mortgaged its property, and on its classification of funds as NPA, it would affect the assessee's profitability. Highlights Income Tax Thu, 28 May 2020 11:35:25 +0530 https://www.taxtmi.com/highlights?id=53524