https://www.taxtmi.com/caselaws?id=781595 ITAT upheld the appellate authority's deletion of disallowances under s.36(1)(iii), finding Revenue failed to rebut CIT(A)'s factual conclusion that notional interest credited (INR 16.94 crores) exceeded notional interest claimed (INR 10.39 crores), resulting in net offered interest income of INR 6.55 crores. The Tribunal agreed that assessee did not use interest-bearing funds for interest-free advances and that CIT(A) properly applied law and reviewed book entries and computations. Revenue's appeal dismissed. en-us Fri, 31 Oct 2025 00:00:00 +0530 Tue, 18 Nov 2025 08:42:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781595 ITAT upheld the appellate authority's deletion of disallowances under s.36(1)(iii), finding Revenue failed to rebut CIT(A)'s factual conclusion that notional interest credited (INR 16.94 crores) exceeded notional interest claimed (INR 10.39 crores), resulting in net offered interest income of INR 6.55 crores. The Tribunal agreed that assessee did not use interest-bearing funds for interest-free advances and that CIT(A) properly applied law and reviewed book entries and computations. Revenue's appeal dismissed. Case-Laws Income Tax Fri, 31 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781595