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2016 (7) TMI 60 - HC - Income TaxAddition u/s 36(1)(iii) on account of interest disallowed - interest free advances and loans were also given to directors and sister concerns which are for non business purposes - Held that:- In view of the fact that the issue is covered by the decision of the jurisdictional High Court in the case of Reliance Utilities [2009 (1) TMI 4 - BOMBAY HIGH COURT] giving clear finding that the assessee had interest free funds of its own .Tribunal was justified in deleting the addition - Decided in favour of assessee
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