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![Interest-Bearing Funds not Utilised for Advancing Funds: ITAT upholds deletion of Interest made u/s 36(1)(iii) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Interest-Bearing-Funds-Utilised-Advancing-Funds-ITAT-Deletion-Interest-Taxscan.jpg "Interest-Bearing Funds not Utilised for Advancing Funds: ITAT upholds deletion of Interest made u/s 36(1)(iii) [Read Order]")
Interest-Bearing Funds not Utilised for Advancing Funds: ITAT upholds deletion of Interest made u/s 36(1)(iii) [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that interest-bearing funds not utilised for advancing funds and upholds the...