https://www.taxtmi.com/caselaws?id=794661 Under section 36(1)(iii), the disallowance of interest on borrowed funds used for investments and interest-free advances was confined to the interest actually attributable to those borrowings, and could not exceed the real interest paid on the identified loans; the assessee obtained partial relief. Under section 68, the assessee proved the identity, creditworthiness and genuineness of the unsecured loan creditors through incorporation records, PAN, financial statements and bank statements, with receipts and repayments routed through banking channels, and the Revenue brought no contrary material; the addition was deleted. en-us Wed, 17 Jun 2026 00:00:00 +0530 Mon, 13 Jul 2026 05:11:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794661 Under section 36(1)(iii), the disallowance of interest on borrowed funds used for investments and interest-free advances was confined to the interest actually attributable to those borrowings, and could not exceed the real interest paid on the identified loans; the assessee obtained partial relief. Under section 68, the assessee proved the identity, creditworthiness and genuineness of the unsecured loan creditors through incorporation records, PAN, financial statements and bank statements, with receipts and repayments routed through banking channels, and the Revenue brought no contrary material; the addition was deleted. Case-Laws Income Tax Wed, 17 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794661