Interest Disallowance Contested: Sufficient Cash Generation Justified Loans, Additions Deleted by Commissioner of Income Tax (Appeals.

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....Disallowance of interest u/s 36(1)(iii) - proof of sufficient cash generation to advance loans - CIT(A) deleted the impugned additions - Assessee is successful in establishing that there was sufficient cash generation to make the aforesaid investments. - In the present case, the loans have been advanced in furtherance of assessee’s business interest and the assessee has sufficient cash generation to fund those advances. - AT....