https://www.taxtmi.com/highlights?id=62814 Disallowance of interest u/s 36(1)(iii) - proof of sufficient cash generation to advance loans - CIT(A) deleted the impugned additions - Assessee is successful in establishing that there was sufficient cash generation to make the aforesaid investments. - In the present case, the loans have been advanced in furtherance of assessee’s business interest and the assessee has sufficient cash generation to fund those advances. - AT en-us Thu, 07 Apr 2022 10:47:44 +0530 Thu, 07 Apr 2022 10:47:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=62814 Disallowance of interest u/s 36(1)(iii) - proof of sufficient cash generation to advance loans - CIT(A) deleted the impugned additions - Assessee is successful in establishing that there was sufficient cash generation to make the aforesaid investments. - In the present case, the loans have been advanced in furtherance of assessee’s business interest and the assessee has sufficient cash generation to fund those advances. - AT Highlights Income Tax Thu, 07 Apr 2022 10:47:44 +0530 https://www.taxtmi.com/highlights?id=62814