https://www.taxtmi.com/caselaws?id=203007 The Tribunal reversed the disallowance of interest payment by the assessee, emphasizing the commercial expediency and business interest behind the advertisement expenditure incurred, as per the S.A. Builders case. The decision favored the assessee, highlighting the justifiability of the interest-free advance provided to the holding company for business purposes. en-us Fri, 07 Jan 2011 00:00:00 +0530 Fri, 29 Apr 2011 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203007 The Tribunal reversed the disallowance of interest payment by the assessee, emphasizing the commercial expediency and business interest behind the advertisement expenditure incurred, as per the S.A. Builders case. The decision favored the assessee, highlighting the justifiability of the interest-free advance provided to the holding company for business purposes. Case-Laws Income Tax Fri, 07 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203007