https://www.taxtmi.com/caselaws?id=471042 Interest disallowance based on alleged non-genuine loans was premature because the question whether the principal loans were accommodation entries remained pending for the years in which those loans were obtained. Unclaimed interest expenditure was permitted to be set off against the interest disallowed on those loans. Consequently, the interest disallowance was restricted after allowing the set-off. en-us Tue, 01 Apr 2025 00:00:00 +0530 Tue, 18 Aug 2026 21:39:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471042 Interest disallowance based on alleged non-genuine loans was premature because the question whether the principal loans were accommodation entries remained pending for the years in which those loans were obtained. Unclaimed interest expenditure was permitted to be set off against the interest disallowed on those loans. Consequently, the interest disallowance was restricted after allowing the set-off. Case-Laws Income Tax Tue, 01 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471042