https://www.taxtmi.com/caselaws?id=431089 The Tribunal dismissed the Revenue's appeals, upholding the CIT(A)'s decisions. It found that the disallowance of interest under Section 36(1)(iii) was unjustified as the assessee had adequate interest-free funds and followed systematic accounting. Additionally, the denial of deduction under Section 80IC was deemed unwarranted as the assessee met eligibility conditions and provided substantial evidence to support its claim. en-us Thu, 08 Sep 2022 00:00:00 +0530 Mon, 05 Dec 2022 21:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431089 The Tribunal dismissed the Revenue's appeals, upholding the CIT(A)'s decisions. It found that the disallowance of interest under Section 36(1)(iii) was unjustified as the assessee had adequate interest-free funds and followed systematic accounting. Additionally, the denial of deduction under Section 80IC was deemed unwarranted as the assessee met eligibility conditions and provided substantial evidence to support its claim. Case-Laws Income Tax Thu, 08 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431089