https://www.taxtmi.com/caselaws?id=370210 The Tribunal held that the payments received by the assessee from M/s. Malpani Cottons Pvt. Ltd. were trade advances related to business dealings, not loans or advances under Section 2(22)(e) of the Income Tax Act. The Tribunal ruled in favor of the assessee, allowing the appeal and deleting the addition made by the Assessing Officer and upheld by the Commissioner of Income Tax (Appeals). The decision was pronounced on 9th November 2018. en-us Fri, 09 Nov 2018 00:00:00 +0530 Tue, 13 Nov 2018 07:49:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370210 The Tribunal held that the payments received by the assessee from M/s. Malpani Cottons Pvt. Ltd. were trade advances related to business dealings, not loans or advances under Section 2(22)(e) of the Income Tax Act. The Tribunal ruled in favor of the assessee, allowing the appeal and deleting the addition made by the Assessing Officer and upheld by the Commissioner of Income Tax (Appeals). The decision was pronounced on 9th November 2018. Case-Laws Income Tax Fri, 09 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370210