https://www.taxtmi.com/caselaws?id=400457 The Tribunal partly allowed the appeal, setting aside the disallowance of interest paid against loans from the director and inter corporate deposit. However, the disallowance of interest paid on TDS was affirmed in favor of the revenue. The decision was based on precedents and statutory provisions, with the judgment pronounced on 28/10/2020. en-us Wed, 28 Oct 2020 00:00:00 +0530 Sat, 07 Nov 2020 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400457 The Tribunal partly allowed the appeal, setting aside the disallowance of interest paid against loans from the director and inter corporate deposit. However, the disallowance of interest paid on TDS was affirmed in favor of the revenue. The decision was based on precedents and statutory provisions, with the judgment pronounced on 28/10/2020. Case-Laws Income Tax Wed, 28 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400457