https://www.taxtmi.com/caselaws?id=792824 Interest expenditure on unsecured loans was held to be genuine and incurred for business purposes; the dispute concerned only the year of allowability under the mercantile system of accounting. As no adverse finding was recorded on the genuineness of the claim and the matter was revenue neutral, the addition was not justified. The disallowance was deleted and the assessee succeeded. en-us Thu, 14 May 2026 00:00:00 +0530 Thu, 04 Jun 2026 08:37:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792824 Interest expenditure on unsecured loans was held to be genuine and incurred for business purposes; the dispute concerned only the year of allowability under the mercantile system of accounting. As no adverse finding was recorded on the genuineness of the claim and the matter was revenue neutral, the addition was not justified. The disallowance was deleted and the assessee succeeded. Case-Laws Income Tax Thu, 14 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792824