https://www.taxtmi.com/caselaws?id=312095 ITAT Rajkot dismissed Revenue's appeal in three grounds. Regarding warehouse rent disallowance, CIT(A) correctly deleted addition as assessee provided detailed expenditure records with bills, invoices, and proof of recipient's tax payment. For interest payment addition under section 36(1)(iii), CIT(A) properly established nexus between interest-free advances and interest-bearing loans, noting assessee's positive income exceeding Rs.5 crores justified fund deployment within group concerns. On repairs and maintenance addition, CIT(A) rightly deleted it as payments included TDS deduction and parties confirmed charges under section 133(6) notice, which Assessing Officer ignored. en-us Wed, 31 Aug 2022 00:00:00 +0530 Wed, 31 Jan 2024 18:18:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312095 ITAT Rajkot dismissed Revenue's appeal in three grounds. Regarding warehouse rent disallowance, CIT(A) correctly deleted addition as assessee provided detailed expenditure records with bills, invoices, and proof of recipient's tax payment. For interest payment addition under section 36(1)(iii), CIT(A) properly established nexus between interest-free advances and interest-bearing loans, noting assessee's positive income exceeding Rs.5 crores justified fund deployment within group concerns. On repairs and maintenance addition, CIT(A) rightly deleted it as payments included TDS deduction and parties confirmed charges under section 133(6) notice, which Assessing Officer ignored. Case-Laws Income Tax Wed, 31 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312095