https://www.taxtmi.com/caselaws?id=392483 The Tribunal allowed the assessee's appeal for statistical purposes, emphasizing the need for a thorough re-examination by the AO in light of additional evidence. The judgment highlighted the importance of considering the business purpose behind advances from subsidiaries in determining tax treatment under the Income Tax Act. en-us Wed, 22 Jan 2020 00:00:00 +0530 Fri, 21 Feb 2020 12:29:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392483 The Tribunal allowed the assessee's appeal for statistical purposes, emphasizing the need for a thorough re-examination by the AO in light of additional evidence. The judgment highlighted the importance of considering the business purpose behind advances from subsidiaries in determining tax treatment under the Income Tax Act. Case-Laws Income Tax Wed, 22 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392483