https://www.taxtmi.com/caselaws?id=417461 The Tribunal partially allowed all three appeals, setting aside the orders of the Commissioner of Income Tax (Appeals) and directing the Assessing officer to delete the disallowance of interest expenditure claimed by the assessee for assessment years 2015-16, 2016-17, and 2017-18. The Tribunal found the disallowance to be erroneous and unsustainable, clarifying that the interest expenditure was on excess withdrawals, not related to income tax/advance tax payments. The decision was pronounced on 28.12.2021. en-us Tue, 28 Dec 2021 00:00:00 +0530 Sun, 23 Jan 2022 20:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417461 The Tribunal partially allowed all three appeals, setting aside the orders of the Commissioner of Income Tax (Appeals) and directing the Assessing officer to delete the disallowance of interest expenditure claimed by the assessee for assessment years 2015-16, 2016-17, and 2017-18. The Tribunal found the disallowance to be erroneous and unsustainable, clarifying that the interest expenditure was on excess withdrawals, not related to income tax/advance tax payments. The decision was pronounced on 28.12.2021. Case-Laws Income Tax Tue, 28 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417461