https://www.taxtmi.com/caselaws?id=10186 The High Court upheld the decision of the Commissioner of Income-tax (Appeals) to allow the deduction of an interest-free loan advanced by the assessee to a sister concern. The court found no substantial question of law in the case, emphasizing the genuineness of the transaction and dismissing the appeal filed by the Revenue. Additionally, the court criticized the departmental representative for conceding the issue without presenting all facts effectively and faulted the Tribunal for a casual approach in disposing of the case, hindering a comprehensive examination. en-us Mon, 21 Jun 2004 00:00:00 +0530 Fri, 10 Jul 2009 09:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10186 The High Court upheld the decision of the Commissioner of Income-tax (Appeals) to allow the deduction of an interest-free loan advanced by the assessee to a sister concern. The court found no substantial question of law in the case, emphasizing the genuineness of the transaction and dismissing the appeal filed by the Revenue. Additionally, the court criticized the departmental representative for conceding the issue without presenting all facts effectively and faulted the Tribunal for a casual approach in disposing of the case, hindering a comprehensive examination. Case-Laws Income Tax Mon, 21 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10186