TMI Blog2014 (3) TMI 855X X X X Extracts X X X X X X X X Extracts X X X X ..... Tribunal was of the view that for the previous years as well as for the years when the funds were borrowed, there was no adverse finding against the assessee necessitating its adding back – thus, as such no substantial question of law arises for adjudication as the issue is already remitted back to the AO for reconsideration – Decided against Revenue. - ITA 105/2014 - - - Dated:- 24-3-2014 - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... allowed as a business expense. On this issue, the CIT (Appeals) and the Tribunal have rendered concurrent findings to the effect that for the previous years as well as for the years when the funds were borrowed, there was no adverse finding against the assessee necessitating its adding back. Given these circumstances, no substantial question arises. As far as the question of disallowance unde ..... X X X X Extracts X X X X X X X X Extracts X X X X
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