ITAT Delhi Upholds Deletion of ₹22.38 Cr Interest Disallowance – Advances Held Business-Driven

DCIT Vs Bright Buildtech Pvt. Ltd. (ITAT Delhi) ITAT Delhi Upholds Deletion of ₹22.38 Crore Interest Disallowance – Advances Found Business-Driven & Not Funded from Interest-Bearing Loans; Commercial Expediency & Ind-AS Adjustments Save Builder from Section 36(1)(iii) Disallowance; No Hypothetical Interest on Business Advances – Tribunal Confirms CIT(A)’s Detailed Findings Delhi ITAT dismissed the Revenue’s appeal &  upheld the order of CIT(A), which had deleted an addition of ₹22.37 crore disallowed by AO u/s36(1)(iii) on the allegation that Assessee, Bright Buildte...