https://www.taxtmi.com/highlights?id=44351 Whether the advancement of money to the subsidiary can be said to be for the purpose of business? - Held Yes - the advancing of money to GVL for setting up of the power project was driven by commercial expediency and therefore, was for the purpose of business. en-us Wed, 06 Feb 2019 14:45:25 +0530 Wed, 06 Feb 2019 14:45:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=44351 Whether the advancement of money to the subsidiary can be said to be for the purpose of business? - Held Yes - the advancing of money to GVL for setting up of the power project was driven by commercial expediency and therefore, was for the purpose of business. Highlights Income Tax Wed, 06 Feb 2019 14:45:25 +0530 https://www.taxtmi.com/highlights?id=44351