https://www.taxtmi.com/caselaws?id=10118 The Supreme Court remanded a Civil Appeal to the High Court for fresh disposal, directing consideration of additional material provided by the appellant. The case involved a disallowance of advances to a sister concern, with the Income-tax Appellate Tribunal vacating the disallowance based on relevant case law. The Tribunal's macro-level examination lacked specificity on fund utilization, prompting a detailed examination by the Assessing Officer to calculate interest disallowance accurately. The High Court emphasized the importance of a thorough assessment before disposing of the appeal. en-us Tue, 28 Sep 2004 00:00:00 +0530 Tue, 07 Jul 2009 16:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10118 The Supreme Court remanded a Civil Appeal to the High Court for fresh disposal, directing consideration of additional material provided by the appellant. The case involved a disallowance of advances to a sister concern, with the Income-tax Appellate Tribunal vacating the disallowance based on relevant case law. The Tribunal's macro-level examination lacked specificity on fund utilization, prompting a detailed examination by the Assessing Officer to calculate interest disallowance accurately. The High Court emphasized the importance of a thorough assessment before disposing of the appeal. Case-Laws Income Tax Tue, 28 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10118