https://www.taxtmi.com/caselaws?id=189086 The court ruled against the assessee, stating that the advance of funds to another entity did not fall within the ordinary course of the company's business. The court emphasized the need for a direct connection between the company's regular business activities and the specific transaction in question to qualify it as part of the business. The judgment underscores the importance of factual analysis and evidence in determining the nature of business activities for taxation purposes. en-us Mon, 19 Sep 1949 00:00:00 +0530 Tue, 27 Dec 2016 17:09:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189086 The court ruled against the assessee, stating that the advance of funds to another entity did not fall within the ordinary course of the company's business. The court emphasized the need for a direct connection between the company's regular business activities and the specific transaction in question to qualify it as part of the business. The judgment underscores the importance of factual analysis and evidence in determining the nature of business activities for taxation purposes. Case-Laws Income Tax Mon, 19 Sep 1949 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189086