Held, that the assessee had sufficient interest-free funds available sources in the year under consideration and the availability in the year when the amount was advanced to A which advance admittedly was not in the year under consideration. Order of CIT(A) is affirmed. (AY. 2010-11, 2012-13)
Dy. CIT v. Amber Enterprises (India) Pvt. Ltd. (2022)100 ITR 28 (Chd)(Trib)
S. 36(1)(iii) : Interest on borrowed capital-Allocation of expenses-Assessee having sufficient interest-free funds available in year under consideration and when amount advanced to its sister concern-Deleting the addition was held to be justified.