Interest Disallowance u/s 36(1)(iii) Reversed: Advance to Group Company Deemed for Business with Sufficient Interest-Free Funds.

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....Disallowance of interest u/s. 36(1)(iii) - Advance given by the assessee to Group Company - As the advance given by the assessee to SIL which was for business purpose and the assessee holding substantial amount of the share holding in that company the disallowance of interest considering the direction of the bench that the assessee is having sufficient fund which are interest free and therefore, we vacate the disallowance - AT....