https://www.taxtmi.com/highlights?id=71906 Disallowance of interest u/s. 36(1)(iii) - Advance given by the assessee to Group Company - As the advance given by the assessee to SIL which was for business purpose and the assessee holding substantial amount of the share holding in that company the disallowance of interest considering the direction of the bench that the assessee is having sufficient fund which are interest free and therefore, we vacate the disallowance - AT en-us Sat, 09 Sep 2023 09:37:08 +0530 Mon, 11 Sep 2023 10:57:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71906 Disallowance of interest u/s. 36(1)(iii) - Advance given by the assessee to Group Company - As the advance given by the assessee to SIL which was for business purpose and the assessee holding substantial amount of the share holding in that company the disallowance of interest considering the direction of the bench that the assessee is having sufficient fund which are interest free and therefore, we vacate the disallowance - AT Highlights Income Tax Sat, 09 Sep 2023 09:37:08 +0530 https://www.taxtmi.com/highlights?id=71906