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![No question of Interest bearing Funds diverted by Assessee as amount was converted into Equity Shares, appearing as Opening Balance: ITAT deletes Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/interest-bearing-funds.jpg "No question of Interest bearing Funds diverted by Assessee as amount was converted into Equity Shares, appearing as Opening Balance: ITAT deletes Disallowance [Read Order]")
No question of Interest bearing Funds diverted by Assessee as amount was converted into Equity Shares, appearing as Opening Balance: ITAT deletes Disallowance [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) while deleting the disallowance held that no question of interest bearing funds diverted by...