https://www.taxtmi.com/caselaws?id=13800 The High Court upheld the Tribunal's decisions regarding the deduction under section 32AB and deletion of interest on interest-free advances made to sister concerns. The Court found no reason to interfere, emphasizing that the Tribunal's conclusions were based on presented facts and rejected the Revenue's contentions. The Court noted that if there were suspicions of obtaining the receipt through dubious means, the outcome might have differed. The application regarding the applicability of section 43B was not pursued by the Department, as the Court had already dismissed their earlier contention. en-us Wed, 21 Jul 1999 00:00:00 +0530 Thu, 02 Jul 2009 18:37:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13800 The High Court upheld the Tribunal's decisions regarding the deduction under section 32AB and deletion of interest on interest-free advances made to sister concerns. The Court found no reason to interfere, emphasizing that the Tribunal's conclusions were based on presented facts and rejected the Revenue's contentions. The Court noted that if there were suspicions of obtaining the receipt through dubious means, the outcome might have differed. The application regarding the applicability of section 43B was not pursued by the Department, as the Court had already dismissed their earlier contention. Case-Laws Income Tax Wed, 21 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13800