https://www.taxtmi.com/highlights?id=84182 Nexus between loans taken from SBH and PNB initially advanced to Nandan Corporation and subsequently transferred Rs. 5 crore from Nandan Corporation to Tripoli Management on 20/06/2016 established. Assessee entitled to claim Rs. 36,58,096/- deduction for interest payment on Rs. 5 crore loan from 20/06/2016 to 31/03/2017 subject to AO's verification. Disallowance of interest claim on LIC policy loan upheld. Appeal partly allowed. en-us Fri, 20 Dec 2024 08:49:35 +0530 Fri, 20 Dec 2024 08:49:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=84182 Nexus between loans taken from SBH and PNB initially advanced to Nandan Corporation and subsequently transferred Rs. 5 crore from Nandan Corporation to Tripoli Management on 20/06/2016 established. Assessee entitled to claim Rs. 36,58,096/- deduction for interest payment on Rs. 5 crore loan from 20/06/2016 to 31/03/2017 subject to AO's verification. Disallowance of interest claim on LIC policy loan upheld. Appeal partly allowed. Highlights Income Tax Fri, 20 Dec 2024 08:49:35 +0530 https://www.taxtmi.com/highlights?id=84182