Tax Appeal Overturned: Commissioner's Personal Opinion on Assessee's Loan to Spouse Lacks Evidence, Ruled Perverse.

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....Deduction of interest - allegation that assessee had lent money from borrowed funds to the husband - principles of commercial expediency - CIT(A) decided the case against the assessee based on its own personal opinion without any material available on record thus the finding rendered by the CIT(A) is perverse. - HC....