https://www.taxtmi.com/caselaws?id=280489 The ITAT upheld the CIT(A)'s decision to delete the additions and disallowances made by the AO. The investment in the subsidiary company was determined to be from own funds, not borrowed funds, based on findings from a previous year's order and approval by the High Court. The ITAT found no issues with the CIT(A)'s decision and dismissed the Revenue's appeal, confirming the CIT(A)'s order. en-us Wed, 19 Oct 2016 00:00:00 +0530 Tue, 07 May 2019 23:07:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280489 The ITAT upheld the CIT(A)'s decision to delete the additions and disallowances made by the AO. The investment in the subsidiary company was determined to be from own funds, not borrowed funds, based on findings from a previous year's order and approval by the High Court. The ITAT found no issues with the CIT(A)'s decision and dismissed the Revenue's appeal, confirming the CIT(A)'s order. Case-Laws Income Tax Wed, 19 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280489