https://www.taxtmi.com/caselaws?id=399276 The court dismissed the revenue's appeals and the assessee's cross-objections for interest disallowance under section 36(1)(iii) for Assessment Years 2002-03, 2003-04, and 2004-05, except for one cross-objection for AY 2003-04, which was allowed. The court upheld the decisions based on commercial expediency and necessity of the expenditure, and found the reassessment proceedings to be based on the same grounds as AY 2005-06 where the disallowance was deleted. en-us Mon, 05 Oct 2020 00:00:00 +0530 Wed, 07 Oct 2020 12:39:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399276 The court dismissed the revenue's appeals and the assessee's cross-objections for interest disallowance under section 36(1)(iii) for Assessment Years 2002-03, 2003-04, and 2004-05, except for one cross-objection for AY 2003-04, which was allowed. The court upheld the decisions based on commercial expediency and necessity of the expenditure, and found the reassessment proceedings to be based on the same grounds as AY 2005-06 where the disallowance was deleted. Case-Laws Income Tax Mon, 05 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399276