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2019 (2) TMI 1434 - ITAT DELHIDisallowing of interest expenses - funds taken on higher rate of interest have been given to sister concerns at lower rate of interest - A.O. held that rate of interest charged from sister concerns was lesser by 9% - HELD THAT:- Case law relied upon by the Ld. AR for the assessee is directly applicable in the present case i.e. CIT Vs. S.A. BUILDERS (2006 (12) TMI 82 - SUPREME COURT), wherein, it has been held that If advance was given for commercial expediency then no disallowance for interest can be made - Decided in favour of assessee.
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