https://www.taxtmi.com/caselaws?id=410178 The Tribunal allowed the appeal of M/s Mason Infrastructure Private Limited, directing the deletion of the disallowance of interest expenditure on the loan taken from Orris Infrastructure Private Limited. The Tribunal found that the loan transactions were driven by business considerations and commercial expediency, making the interest expenditure of Rs. 1,35,25,521/- allowable under sections 36(1)(iii) and 37(1) of the Income Tax Act. Additionally, the expenditure qualified as a deduction under section 57(iii) against the interest income offered to tax. en-us Fri, 23 Jul 2021 00:00:00 +0530 Tue, 27 Jul 2021 08:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410178 The Tribunal allowed the appeal of M/s Mason Infrastructure Private Limited, directing the deletion of the disallowance of interest expenditure on the loan taken from Orris Infrastructure Private Limited. The Tribunal found that the loan transactions were driven by business considerations and commercial expediency, making the interest expenditure of Rs. 1,35,25,521/- allowable under sections 36(1)(iii) and 37(1) of the Income Tax Act. Additionally, the expenditure qualified as a deduction under section 57(iii) against the interest income offered to tax. Case-Laws Income Tax Fri, 23 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410178