https://www.taxtmi.com/caselaws?id=183694 The Ld. Commissioner of Income Tax(Appeals) deleted the addition of Rs. 18.45 crores made by the Assessing Officer for the A.Y. 1996-97, as the interest-free advances to sister concerns were found to be for business purposes. The Tribunal ruled that the appeal was not maintainable due to nil revenue effect, as both assessed and returned incomes were losses. Despite the maintainability issue, the Tribunal found in favor of the assessee on merit, dismissing both appeals filed by the revenue. en-us Fri, 16 Oct 2009 00:00:00 +0530 Sat, 18 Jun 2016 10:08:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183694 The Ld. Commissioner of Income Tax(Appeals) deleted the addition of Rs. 18.45 crores made by the Assessing Officer for the A.Y. 1996-97, as the interest-free advances to sister concerns were found to be for business purposes. The Tribunal ruled that the appeal was not maintainable due to nil revenue effect, as both assessed and returned incomes were losses. Despite the maintainability issue, the Tribunal found in favor of the assessee on merit, dismissing both appeals filed by the revenue. Case-Laws Income Tax Fri, 16 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183694