https://www.taxtmi.com/caselaws?id=190689 The Gujarat High Court allowed the appeal and held that the addition of Rs. 31,62,618 under section 2(22)(e) of the Act was not justified as the transaction was deemed as current accommodation adjustment entries and not a loan or advance. en-us Mon, 07 Nov 2016 00:00:00 +0530 Wed, 22 Feb 2017 12:29:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190689 The Gujarat High Court allowed the appeal and held that the addition of Rs. 31,62,618 under section 2(22)(e) of the Act was not justified as the transaction was deemed as current accommodation adjustment entries and not a loan or advance. Case-Laws Income Tax Mon, 07 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190689