https://www.taxtmi.com/caselaws?id=769004 ITAT Pune allowed the assessee's appeal on two issues. First, disallowance of interest under section 36(1)(iii) was deleted as advances to unrelated parties were commercial transactions where interest was charged in prior years but stopped due to recovery doubts, not constituting diversion of interest-bearing funds. Second, addition for melting charges was deleted as the assessee maintained unrejected books of account showing 1.70% melting gain versus AO's estimated 4%, following tribunal's precedent in assessee's own case for AY 2017-18. en-us Fri, 11 Apr 2025 00:00:00 +0530 Mon, 14 Apr 2025 14:53:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769004 ITAT Pune allowed the assessee's appeal on two issues. First, disallowance of interest under section 36(1)(iii) was deleted as advances to unrelated parties were commercial transactions where interest was charged in prior years but stopped due to recovery doubts, not constituting diversion of interest-bearing funds. Second, addition for melting charges was deleted as the assessee maintained unrejected books of account showing 1.70% melting gain versus AO's estimated 4%, following tribunal's precedent in assessee's own case for AY 2017-18. Case-Laws Income Tax Fri, 11 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769004