https://www.taxtmi.com/caselaws?id=307310 The Appellate Tribunal allowed the admission of additional evidence, including a Memorandum of Understanding and financial statements, supporting the purpose of an interest-free advance to a sister company for constructing a hospital and acquiring equity. The Tribunal remitted the issue back to the Assessing Officer for fresh consideration, emphasizing a fair hearing for the healthcare company. This decision underscores the Tribunal's commitment to ensuring a just and thorough examination of the case, providing the assessee with a fair opportunity to present its case effectively. en-us Wed, 03 Jul 2019 00:00:00 +0530 Wed, 05 Apr 2023 22:12:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307310 The Appellate Tribunal allowed the admission of additional evidence, including a Memorandum of Understanding and financial statements, supporting the purpose of an interest-free advance to a sister company for constructing a hospital and acquiring equity. The Tribunal remitted the issue back to the Assessing Officer for fresh consideration, emphasizing a fair hearing for the healthcare company. This decision underscores the Tribunal's commitment to ensuring a just and thorough examination of the case, providing the assessee with a fair opportunity to present its case effectively. Case-Laws Income Tax Wed, 03 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307310