https://www.taxtmi.com/caselaws?id=60248 The Tribunal dismissed the Revenue's appeal against the CIT(A)'s order for the assessment year 2005-06. The disallowance of interest claimed by the assessee was deleted as no diversion of funds was proven, and other funds were available for investments. Additionally, the additions under s. 2(22)(e) were ruled in favor of the assessee, with the Tribunal concluding that the said provision did not apply to the transactions in question. en-us Fri, 12 Sep 2008 00:00:00 +0530 Mon, 06 Aug 2012 17:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60248 The Tribunal dismissed the Revenue's appeal against the CIT(A)'s order for the assessment year 2005-06. The disallowance of interest claimed by the assessee was deleted as no diversion of funds was proven, and other funds were available for investments. Additionally, the additions under s. 2(22)(e) were ruled in favor of the assessee, with the Tribunal concluding that the said provision did not apply to the transactions in question. Case-Laws Income Tax Fri, 12 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60248