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Income Tax | Interest-Free Funds Bar Interest Disallowance; Book Profit Not Cash Credit: ITAT Jaipur

25 Sept 2026 · 1d agoBy CA Sandeep KanoiSource: TaxGuru

ITAT Jaipur deletes interest disallowance where own funds exceeded advances and holds disclosed book profit cannot be taxed under section 68. The post Interest-Free Funds Bar Interest Disallowance; Book Profit Not Cash Credit: ITAT Jaipur appeared first on TaxGuru .

Attribution

Original credit: CA Sandeep Kanoi. This digest is published with acknowledgment to TaxGuru. For the complete analysis, headnotes, and citations, please refer to the source.

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