Assessee advanced funds to three parties for commercial purposes without charging interest. Since no interest was charged by assessee on such advances made to above parties, Assessing Officer added back an amount under Section 36(1)(iii). CIT(A) affirmed the order of the AO. On appeal the assessee  contended that  advances were for business dealings and were funded by interest-free loans, as shown in audited balance sheet. Tribunal held that there was neither any reason nor any material to disbelieve figures contained in audited balance sheet, particularly availability of unsecured loans (free of interest) duly reflected in balance sheet under unsecured long-term borrowings, which was sufficient to meet advances given to parties in question. Addition is deleted.  (AY. 2015-16)