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Interest Disallowance Rejected: AO Fails to Prove Violation of Section 36(1)(iii) Conditions in Sister Concerns Loan Case.

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....Disallowance the interest paid at the rate of difference between two average rates (of borrowing funds and lending funds from and to sister concerns) - AO has not pointed out as to how the conditions of section 36(1)(iii) have been violated in this case - No disallowance - AT....

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Interest Disallowance Rejected: AO Fails to Prove Violation of Section 36(1)(iii) Conditions in Sister Concerns Loan Case.