https://www.taxtmi.com/caselaws?id=31713 HC dismissed the appeal and upheld the Tribunal's factual findings that the ferro alloys and sugar enterprises were under unified control with intermingled funds, requiring either capitalization of interest or treatment as business expenditure. The court agreed the interest was allowable as a business deduction under s.36(1)(iii) to the extent of Rs.3,50,83,472/-, found no substantial question of law, and declined to interfere with the Tribunal's decision. en-us Fri, 21 Nov 2008 00:00:00 +0530 Fri, 07 Nov 2025 11:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31713 HC dismissed the appeal and upheld the Tribunal's factual findings that the ferro alloys and sugar enterprises were under unified control with intermingled funds, requiring either capitalization of interest or treatment as business expenditure. The court agreed the interest was allowable as a business deduction under s.36(1)(iii) to the extent of Rs.3,50,83,472/-, found no substantial question of law, and declined to interfere with the Tribunal's decision. Case-Laws Income Tax Fri, 21 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31713