https://www.taxtmi.com/caselaws?id=469569 Interest disallowance under section 36(1)(iii) was unsustainable where the assessee had sufficient interest-free partner capital to cover the advances and the record did not show a direct nexus between borrowed funds and the advances. Applying commercial expediency and the settled principle that no disallowance arises when interest-free advances are supported by adequate interest-free funds, the addition was deleted. en-us Fri, 07 Mar 2025 00:00:00 +0530 Mon, 22 Jun 2026 19:00:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469569 Interest disallowance under section 36(1)(iii) was unsustainable where the assessee had sufficient interest-free partner capital to cover the advances and the record did not show a direct nexus between borrowed funds and the advances. Applying commercial expediency and the settled principle that no disallowance arises when interest-free advances are supported by adequate interest-free funds, the addition was deleted. Case-Laws Income Tax Fri, 07 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469569