https://www.taxtmi.com/caselaws?id=417578 The Tribunal allowed the appeal, ordering the deletion of the disallowance of interest amounting to the specific sum under section 36(1)(iii) of the Income-tax Act, 1961 for the assessment year 2011-12. The decision was based on the established legal principles regarding the utilization of interest-free funds for investments in sister concerns when the shareholders' fund exceeds the amount advanced. en-us Tue, 18 Jan 2022 00:00:00 +0530 Thu, 27 Jan 2022 08:42:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417578 The Tribunal allowed the appeal, ordering the deletion of the disallowance of interest amounting to the specific sum under section 36(1)(iii) of the Income-tax Act, 1961 for the assessment year 2011-12. The decision was based on the established legal principles regarding the utilization of interest-free funds for investments in sister concerns when the shareholders' fund exceeds the amount advanced. Case-Laws Income Tax Tue, 18 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417578