https://www.taxtmi.com/caselaws?id=295976 The Appellate Tribunal allowed the assessee's appeal regarding the carry forward of unabsorbed depreciation, allowing the set-off of Rs. 10,5717,523 from earlier years. The Tribunal also disallowed the Revenue's appeal concerning the disallowance of interest on loans to sister concerns, holding that the interest expenditure should not be disallowed due to the appellant's sufficient own funds. The judgment was pronounced on February 18, 2014, at Chennai. en-us Tue, 18 Feb 2014 00:00:00 +0530 Tue, 29 Jun 2021 09:39:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295976 The Appellate Tribunal allowed the assessee's appeal regarding the carry forward of unabsorbed depreciation, allowing the set-off of Rs. 10,5717,523 from earlier years. The Tribunal also disallowed the Revenue's appeal concerning the disallowance of interest on loans to sister concerns, holding that the interest expenditure should not be disallowed due to the appellant's sufficient own funds. The judgment was pronounced on February 18, 2014, at Chennai. Case-Laws Income Tax Tue, 18 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295976