https://www.taxtmi.com/caselaws?id=431041 The Tribunal vacated the disallowance of Rs. 9,24,820/- sustained by the CIT(A), allowing the cross objection filed by the assessee. The Tribunal emphasized the importance of consistency in applying legal principles and the need for the Revenue to establish a clear nexus between interest-bearing loans and non-business utilization. en-us Tue, 26 Jul 2022 00:00:00 +0530 Mon, 05 Dec 2022 08:59:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431041 The Tribunal vacated the disallowance of Rs. 9,24,820/- sustained by the CIT(A), allowing the cross objection filed by the assessee. The Tribunal emphasized the importance of consistency in applying legal principles and the need for the Revenue to establish a clear nexus between interest-bearing loans and non-business utilization. Case-Laws Income Tax Tue, 26 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431041