https://www.taxtmi.com/caselaws?id=434345 The Tribunal ruled in favor of the assessee, emphasizing the need to assess commercial expediency at the time of lending rather than annually. The decision was based on the lack of valid reasons provided by lower authorities, discrepancies in reasoning, and past rulings supporting the assessee's position. The Tribunal overturned the orders of lower authorities and instructed the deletion of the addition of interest-free loans to subsidiaries, highlighting the importance of considering business context in such assessments. en-us Tue, 21 Feb 2023 00:00:00 +0530 Tue, 21 Feb 2023 18:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434345 The Tribunal ruled in favor of the assessee, emphasizing the need to assess commercial expediency at the time of lending rather than annually. The decision was based on the lack of valid reasons provided by lower authorities, discrepancies in reasoning, and past rulings supporting the assessee's position. The Tribunal overturned the orders of lower authorities and instructed the deletion of the addition of interest-free loans to subsidiaries, highlighting the importance of considering business context in such assessments. Case-Laws Income Tax Tue, 21 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434345