https://www.taxtmi.com/caselaws?id=200545 The Tribunal allowed the appeal, overturning the addition confirmed by the CIT(A) under section 36(1)(iii) of the Act. The Tribunal found the investments in group companies by the assessee were commercially expedient, as evidenced by the balance between interest-bearing and non-interest bearing funds, and the significant shareholding in the companies. Relying on legal precedents emphasizing commercial expediency in advancing loans within group companies, the Tribunal concluded that the investments had a commercial justification and could lead to direct benefits through increased profits. en-us Fri, 12 Aug 2016 00:00:00 +0530 Tue, 03 Apr 2018 21:20:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200545 The Tribunal allowed the appeal, overturning the addition confirmed by the CIT(A) under section 36(1)(iii) of the Act. The Tribunal found the investments in group companies by the assessee were commercially expedient, as evidenced by the balance between interest-bearing and non-interest bearing funds, and the significant shareholding in the companies. Relying on legal precedents emphasizing commercial expediency in advancing loans within group companies, the Tribunal concluded that the investments had a commercial justification and could lead to direct benefits through increased profits. Case-Laws Income Tax Fri, 12 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200545