https://www.taxtmi.com/caselaws?id=171496 The High Court upheld the Tribunal's decision, affirming that interest-free loans to a joint venture company were for commercial expediency due to the critical raw material supply relationship. The court emphasized the benefits to the assessee, including lower costs, timely supply, and interest earnings, dismissing the revenue's appeal. The court highlighted the importance of commercial expediency in transactions and referenced relevant legal precedents in its judgment. en-us Mon, 28 Oct 2013 00:00:00 +0530 Tue, 21 Jul 2015 16:01:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171496 The High Court upheld the Tribunal's decision, affirming that interest-free loans to a joint venture company were for commercial expediency due to the critical raw material supply relationship. The court emphasized the benefits to the assessee, including lower costs, timely supply, and interest earnings, dismissing the revenue's appeal. The court highlighted the importance of commercial expediency in transactions and referenced relevant legal precedents in its judgment. Case-Laws Income Tax Mon, 28 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171496