<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Tribunal Overturns Disallowance of Interest on Loans to Directors, Citing Lack of Consideration u/s 36(1)(ii.</title>
    <link>https://www.taxtmi.com/highlights?id=60099</link>
    <description>Disallowance u/s.36(1)(ii) of interest expenditure on loans availed - assessee has made advance loans to directors and sister concerns - without any application of mind, the authorities below are passing orders year after year for reason best known to them when assessee has given the necessary details and no disallowance was done in earlier years as noted by the Tribunal - additions deleted - AT</description>
    <language>en-us</language>
    <pubDate>Wed, 13 Oct 2021 17:10:07 +0530</pubDate>
    <lastBuildDate>Wed, 13 Oct 2021 17:10:07 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=658500" rel="self" type="application/rss+xml"/>
    <item>
      <title>Tribunal Overturns Disallowance of Interest on Loans to Directors, Citing Lack of Consideration u/s 36(1)(ii.</title>
      <link>https://www.taxtmi.com/highlights?id=60099</link>
      <description>Disallowance u/s.36(1)(ii) of interest expenditure on loans availed - assessee has made advance loans to directors and sister concerns - without any application of mind, the authorities below are passing orders year after year for reason best known to them when assessee has given the necessary details and no disallowance was done in earlier years as noted by the Tribunal - additions deleted - AT</description>
      <category>Highlights</category>
      <law>Income Tax</law>
      <pubDate>Wed, 13 Oct 2021 17:10:07 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/highlights?id=60099</guid>
    </item>
  </channel>
</rss>