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Wanbury Ltd. v. Dy. CIT (2022) 95 ITR 87 (SN)(Mum) (Trib)

S. 36(1)(iii) : Interest on borrowed capital-Interest-free funds far in excess of loan advanced-Disallowance of interest not warranted.

Held that interest-free funds far in excess of  loan advanced. Disallowance of  interest not warranted.   (AY.2015-16)