https://www.taxtmi.com/caselaws?id=239499 The Tribunal dismissed the Revenue's appeals for both assessment years, upholding the CIT (A)'s decisions to delete the disallowances of Rs.15.5 lakhs, Rs.51,87,552/-, and Rs.16,56,73,063/-. The Tribunal found that the advances were made for business purposes and commercial expediency, in line with the Supreme Court's judgment in S.A. Builders v. CIT. en-us Thu, 07 Nov 2013 00:00:00 +0530 Fri, 15 Nov 2013 10:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239499 The Tribunal dismissed the Revenue's appeals for both assessment years, upholding the CIT (A)'s decisions to delete the disallowances of Rs.15.5 lakhs, Rs.51,87,552/-, and Rs.16,56,73,063/-. The Tribunal found that the advances were made for business purposes and commercial expediency, in line with the Supreme Court's judgment in S.A. Builders v. CIT. Case-Laws Income Tax Thu, 07 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239499