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2015 (9) TMI 1055 - HC - Income TaxDisallowance of interest on borrowed loan - Held that:- In the instant case, though the borrowed money was advanced in favour of the sister concern of the assessee in the year 1999-2000, the sister concern has also not utilized the said amount for the said purpose. Even after three years, the said project has not been commenced, however the sister concern has diverted the said amount for some other project.The Tribunal, after examining the contention taken by the assessee, confirmed the order passed by the First Appellate Authority as well as the Assessing Authority. We find that there is no infirmity or irregularity in the finding of the Tribunal. The finding recorded by the authorities below is purely a question of fact and the same is not liable to be interfered with by this Court. SA BUILDERS LTD. Versus COMMISSIONER OF INCOME-TAX case [2006 (12) TMI 82 - SUPREME COURT] not applicable on assessee - Hence, the substantial questions of law framed in these appeals are answered against the assessee
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