https://www.taxtmi.com/caselaws?id=294860 The Calcutta HC refused to admit the Revenue's appeal under Section 260A against allowance of interest on business loans, holding that the dispute turned on factual questions about the source of funds and the effect of interest-free advances to a subsidiary. It found no substantial question of law fit for admission and noted that a similar admission in an earlier assessment year did not create res judicata or a binding precedent for the present matter. The petition was therefore summarily rejected. en-us Tue, 06 Aug 2002 00:00:00 +0530 Thu, 06 May 2021 16:59:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294860 The Calcutta HC refused to admit the Revenue's appeal under Section 260A against allowance of interest on business loans, holding that the dispute turned on factual questions about the source of funds and the effect of interest-free advances to a subsidiary. It found no substantial question of law fit for admission and noted that a similar admission in an earlier assessment year did not create res judicata or a binding precedent for the present matter. The petition was therefore summarily rejected. Case-Laws Income Tax Tue, 06 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294860