https://www.taxtmi.com/caselaws?id=174124 The appeal filed by the Department against the order deleting additions for interest-free advance to subsidiary company, excess price paid for purchase of comber cotton waste, and bank charges was dismissed by the Tribunal on 28 February 2011. The Tribunal upheld the decisions of the CIT(A) in favor of the assessee, as the Department failed to rebut the explanations provided by the assessee regarding the business purposes and nature of expenses. en-us Mon, 28 Feb 2011 00:00:00 +0530 Wed, 30 Sep 2015 15:13:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174124 The appeal filed by the Department against the order deleting additions for interest-free advance to subsidiary company, excess price paid for purchase of comber cotton waste, and bank charges was dismissed by the Tribunal on 28 February 2011. The Tribunal upheld the decisions of the CIT(A) in favor of the assessee, as the Department failed to rebut the explanations provided by the assessee regarding the business purposes and nature of expenses. Case-Laws Income Tax Mon, 28 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174124