https://www.taxtmi.com/caselaws?id=399434 The Tribunal upheld the disallowance of interest on interest-free advances to related concerns, emphasizing the need for evidence of utilizing interest-free funds. The issues regarding charging interest under various sections and withdrawal of interest were dismissed as consequential. The appeal was disposed of with directions to exclude certain transactions while calculating the disallowance of interest, highlighting the importance of providing adequate evidence to support claims during proceedings. en-us Wed, 07 Oct 2020 00:00:00 +0530 Sat, 10 Oct 2020 15:51:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399434 The Tribunal upheld the disallowance of interest on interest-free advances to related concerns, emphasizing the need for evidence of utilizing interest-free funds. The issues regarding charging interest under various sections and withdrawal of interest were dismissed as consequential. The appeal was disposed of with directions to exclude certain transactions while calculating the disallowance of interest, highlighting the importance of providing adequate evidence to support claims during proceedings. Case-Laws Income Tax Wed, 07 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399434