https://www.taxtmi.com/caselaws?id=289440 The ITAT upheld the CIT(A)'s decision that the amount received by the assessee company from its subsidiary was not deemed dividend but a business transaction. The ITAT remitted the issues of diminution in value of investments, administrative and interest expenses, and write-off of investments and advances back to the Assessing Officer for further examination, emphasizing the importance of thorough financial analysis and verification of facts in these matters. en-us Fri, 20 May 2016 00:00:00 +0530 Fri, 31 Jul 2020 08:43:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289440 The ITAT upheld the CIT(A)'s decision that the amount received by the assessee company from its subsidiary was not deemed dividend but a business transaction. The ITAT remitted the issues of diminution in value of investments, administrative and interest expenses, and write-off of investments and advances back to the Assessing Officer for further examination, emphasizing the importance of thorough financial analysis and verification of facts in these matters. Case-Laws Income Tax Fri, 20 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289440