https://www.taxtmi.com/caselaws?id=464650 ITAT held that the disallowance under s.36(1)(iii) should be set aside and remitted to the AO for verification because the assessee showed interest-free funds exceeding non-current investments, invoking SC precedents that presume such investments are funded from interest-free funds. The tribunal directed the AO to verify additional evidence; if verification confirms interest-free funds exceed investments, the s.36(1)(iii) disallowance shall be deleted. Decision in favour of the assessee. en-us Fri, 26 Sep 2025 00:00:00 +0530 Fri, 07 Nov 2025 20:13:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464650 ITAT held that the disallowance under s.36(1)(iii) should be set aside and remitted to the AO for verification because the assessee showed interest-free funds exceeding non-current investments, invoking SC precedents that presume such investments are funded from interest-free funds. The tribunal directed the AO to verify additional evidence; if verification confirms interest-free funds exceed investments, the s.36(1)(iii) disallowance shall be deleted. Decision in favour of the assessee. Case-Laws Income Tax Fri, 26 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464650