https://www.taxtmi.com/caselaws?id=408700 The appellate tribunal ruled in favor of the assessee, allowing the appeal against the disallowance of interest and rent expenses. The decision was based on the availability of interest-free funds for investments and the clear business purpose of the rented properties, supported by rental agreements and TDS deductions. The judgment emphasized adherence to legal precedents and the importance of justifiably assessing expenses and disallowances in income tax matters. en-us Thu, 01 Apr 2021 00:00:00 +0530 Fri, 18 Jun 2021 09:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408700 The appellate tribunal ruled in favor of the assessee, allowing the appeal against the disallowance of interest and rent expenses. The decision was based on the availability of interest-free funds for investments and the clear business purpose of the rented properties, supported by rental agreements and TDS deductions. The judgment emphasized adherence to legal precedents and the importance of justifiably assessing expenses and disallowances in income tax matters. Case-Laws Income Tax Thu, 01 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408700