https://www.taxtmi.com/caselaws?id=469525 Borrowed-fund interest disallowance was deleted because the addition rested on presumed diversion without a direct nexus to non-business use, and the audited accounts supported the assessee's business explanation. Unsecured loans were accepted to the extent of 79,00,000 because confirmations and related material were produced, while 3,00,000 was kept open for verification due to a lender-specific omission. Interest on delayed TDS payment was treated as compensatory revenue expenditure and allowed. Trading loss was also allowed because the record contained transaction details and the disallowance was not supported by a specific rebuttal. en-us Fri, 07 Mar 2025 00:00:00 +0530 Sat, 20 Jun 2026 21:58:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469525 Borrowed-fund interest disallowance was deleted because the addition rested on presumed diversion without a direct nexus to non-business use, and the audited accounts supported the assessee's business explanation. Unsecured loans were accepted to the extent of 79,00,000 because confirmations and related material were produced, while 3,00,000 was kept open for verification due to a lender-specific omission. Interest on delayed TDS payment was treated as compensatory revenue expenditure and allowed. Trading loss was also allowed because the record contained transaction details and the disallowance was not supported by a specific rebuttal. Case-Laws Income Tax Fri, 07 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469525