https://www.taxtmi.com/caselaws?id=243876 The Tribunal allowed the assessee's appeals for both assessment years, overturning the disallowance of interest on advances made to sister concerns. The advances were deemed to be made for commercial expediency and business purposes, aligning with earlier favorable judgments in the assessee's own case. The disallowance under Section 14A for AY 2010-11 was also dismissed as it had already been decided in favor of the assessee by the CIT (A). en-us Fri, 07 Feb 2014 00:00:00 +0530 Wed, 12 Feb 2014 15:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243876 The Tribunal allowed the assessee's appeals for both assessment years, overturning the disallowance of interest on advances made to sister concerns. The advances were deemed to be made for commercial expediency and business purposes, aligning with earlier favorable judgments in the assessee's own case. The disallowance under Section 14A for AY 2010-11 was also dismissed as it had already been decided in favor of the assessee by the CIT (A). Case-Laws Income Tax Fri, 07 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243876