https://www.taxtmi.com/caselaws?id=772270 ITAT Delhi-AT allowed assessee's appeal on multiple issues. Interest disallowance under section 36(1)(iii) was deleted as advances to subsidiaries/group companies were deemed for business purposes, with sufficient interest-free funds available. Foreign travel expenses were partially confirmed due to inadequate substantiation of family member expenses. Abortive expenditure under percentage of completion method was allowed following judicial precedents. Approval expenses for property transfer were permitted as directly related to share sale value. MAT adjustment for goodwill impairment was deleted as it didn't fall under section 115JB explanation clauses. Addition for alleged "on money" in flat bookings was deleted due to lack of corroborative evidence and valid reasons for rate variations. en-us Wed, 26 Mar 2025 00:00:00 +0530 Tue, 03 Jun 2025 15:46:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772270 ITAT Delhi-AT allowed assessee's appeal on multiple issues. Interest disallowance under section 36(1)(iii) was deleted as advances to subsidiaries/group companies were deemed for business purposes, with sufficient interest-free funds available. Foreign travel expenses were partially confirmed due to inadequate substantiation of family member expenses. Abortive expenditure under percentage of completion method was allowed following judicial precedents. Approval expenses for property transfer were permitted as directly related to share sale value. MAT adjustment for goodwill impairment was deleted as it didn't fall under section 115JB explanation clauses. Addition for alleged "on money" in flat bookings was deleted due to lack of corroborative evidence and valid reasons for rate variations. Case-Laws Income Tax Wed, 26 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772270