https://www.taxtmi.com/caselaws?id=791207 Interest disallowance was deleted because the Revenue failed to show any nexus between borrowed funds and non-business use, while the record showed business deployment of funds and availability of sufficient interest-free funds. The additions under section 68 and as business income were also deleted because the unsecured loans were supported by banking channels, bank statements, confirmations, PAN, income-tax returns and TDS records, and the alleged purchase difference was reconciled as a TCS-related mismatch with purchases recorded at actual cost. The Tribunal sustained the appellate relief in full. en-us Mon, 04 May 2026 00:00:00 +0530 Thu, 07 May 2026 07:08:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791207 Interest disallowance was deleted because the Revenue failed to show any nexus between borrowed funds and non-business use, while the record showed business deployment of funds and availability of sufficient interest-free funds. The additions under section 68 and as business income were also deleted because the unsecured loans were supported by banking channels, bank statements, confirmations, PAN, income-tax returns and TDS records, and the alleged purchase difference was reconciled as a TCS-related mismatch with purchases recorded at actual cost. The Tribunal sustained the appellate relief in full. Case-Laws Income Tax Mon, 04 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791207