https://www.taxtmi.com/highlights?id=94755 ITAT allowed the assessee company's appeal on interest disallowance u/s 36(1)(iii), holding that sufficient interest-free own funds were available to cover the investment in its wholly owned subsidiary, following its own precedents in earlier assessment years. The disallowance of proportionate interest at 12.5% on the subsidiary investment was therefore held unwarranted and deleted. On the addition u/s 56(2)(b)(viib) relating to premium on preferential shares, ITAT held that the lower authorities rejected the assessee's valuation on technical grounds and set aside the CIT(A)'s order, directing the assessee to furnish a revised valuation report under Rule 11UA adopting book value of land and remanding the matter to the AO for recomputation. en-us Thu, 04 Dec 2025 09:19:46 +0530 Thu, 04 Dec 2025 09:19:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=94755 ITAT allowed the assessee company's appeal on interest disallowance u/s 36(1)(iii), holding that sufficient interest-free own funds were available to cover the investment in its wholly owned subsidiary, following its own precedents in earlier assessment years. The disallowance of proportionate interest at 12.5% on the subsidiary investment was therefore held unwarranted and deleted. On the addition u/s 56(2)(b)(viib) relating to premium on preferential shares, ITAT held that the lower authorities rejected the assessee's valuation on technical grounds and set aside the CIT(A)'s order, directing the assessee to furnish a revised valuation report under Rule 11UA adopting book value of land and remanding the matter to the AO for recomputation. Highlights Income Tax Thu, 04 Dec 2025 09:19:46 +0530 https://www.taxtmi.com/highlights?id=94755