https://www.taxtmi.com/caselaws?id=59256 The appeals were allowed, and the disallowance of interest payments for the assessment years 1976-77 and 1977-78 was overturned. The Tribunal found that the interest-free loans given to one individual were justified by commercial considerations, leading to the deletion of the additions sustained by the Commr. (Appeals). en-us Sat, 07 Feb 1981 00:00:00 +0530 Mon, 27 Dec 2010 15:08:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59256 The appeals were allowed, and the disallowance of interest payments for the assessment years 1976-77 and 1977-78 was overturned. The Tribunal found that the interest-free loans given to one individual were justified by commercial considerations, leading to the deletion of the additions sustained by the Commr. (Appeals). Case-Laws Income Tax Sat, 07 Feb 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59256