https://www.taxtmi.com/caselaws?id=410548 The Tribunal partly allowed the appeal, modifying the disallowance to account for the interest income earned by the assessee. The decision provided relief to the assessee on the disallowance of interest expenses under section 36(1)(iii) of the Income Tax Act, with the Tribunal directing the AO to set off interest income against the proportionate disallowance of interest on non-business advances. en-us Tue, 03 Aug 2021 00:00:00 +0530 Tue, 03 Aug 2021 17:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410548 The Tribunal partly allowed the appeal, modifying the disallowance to account for the interest income earned by the assessee. The decision provided relief to the assessee on the disallowance of interest expenses under section 36(1)(iii) of the Income Tax Act, with the Tribunal directing the AO to set off interest income against the proportionate disallowance of interest on non-business advances. Case-Laws Income Tax Tue, 03 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410548