Interest Disallowance u/s 36(1)(iii) Not Applicable When Funds Used Solely for Business; Proof Required Otherwise.

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....Disallowance of interest u/s 36(1)(iii) - if the interest bearing funds have been utilized for the business purpose only as per the terms of the loan and nothing contra has been brought on record to prove the fact that the interest bearing funds shown above have been utilized for non business purpose by the Revenue - no disallowance....