https://www.taxtmi.com/caselaws?id=170981 An identical reference on the disallowance of interest for advances made to subsidiary companies without charging interest had already been decided in favour of the assessee, and the High Court followed that binding view for the same assessment year issue. The Tribunal's deletion of the disallowance was therefore upheld, and the question was answered in favour of the assessee and against the Revenue. en-us Thu, 28 Apr 2005 00:00:00 +0530 Mon, 06 Jul 2015 17:28:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170981 An identical reference on the disallowance of interest for advances made to subsidiary companies without charging interest had already been decided in favour of the assessee, and the High Court followed that binding view for the same assessment year issue. The Tribunal's deletion of the disallowance was therefore upheld, and the question was answered in favour of the assessee and against the Revenue. Case-Laws Income Tax Thu, 28 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170981