https://www.taxtmi.com/caselaws?id=59525 The Tribunal dismissed the assessee's appeal against the disallowance of interest payment under section 36(1)(iii) as the transaction lacked evidence supporting its business nature. The Tribunal also rejected the disallowance of administrative expenses as the issue was not pressed during the proceedings. en-us Mon, 31 Jan 2005 00:00:00 +0530 Thu, 30 Dec 2010 13:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59525 The Tribunal dismissed the assessee's appeal against the disallowance of interest payment under section 36(1)(iii) as the transaction lacked evidence supporting its business nature. The Tribunal also rejected the disallowance of administrative expenses as the issue was not pressed during the proceedings. Case-Laws Income Tax Mon, 31 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59525