https://www.taxtmi.com/caselaws?id=776909 Disallowance of interest expenditure under section 36(1)(iii) was deleted because the issue had already been decided in the assessee's favour for earlier years and that view had been affirmed by the Delhi High Court. The borrowings, fund utilisation and availability of free surplus funds remained unchanged, and no fresh factual basis justified a different view for the year under appeal. The same position was therefore followed and the deletion of the disallowance was sustained. en-us Wed, 08 Jan 2025 00:00:00 +0530 Thu, 21 Aug 2025 08:35:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776909 Disallowance of interest expenditure under section 36(1)(iii) was deleted because the issue had already been decided in the assessee's favour for earlier years and that view had been affirmed by the Delhi High Court. The borrowings, fund utilisation and availability of free surplus funds remained unchanged, and no fresh factual basis justified a different view for the year under appeal. The same position was therefore followed and the deletion of the disallowance was sustained. Case-Laws Income Tax Wed, 08 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776909