https://www.taxtmi.com/caselaws?id=36474 The court remanded the case to the Tribunal for reconsideration based on the correct criteria, emphasizing that the utilization of the loan, not its source or timing, is crucial in determining the nature of the capital. The court found the Tribunal's decision influenced by irrelevant factors and highlighted the need to assess the actual utilization of the loan in the relevant year. The case outcome resulted in a remand for further consideration without any order as to costs. en-us Fri, 14 Sep 1979 00:00:00 +0530 Mon, 22 Mar 2010 15:29:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36474 The court remanded the case to the Tribunal for reconsideration based on the correct criteria, emphasizing that the utilization of the loan, not its source or timing, is crucial in determining the nature of the capital. The court found the Tribunal's decision influenced by irrelevant factors and highlighted the need to assess the actual utilization of the loan in the relevant year. The case outcome resulted in a remand for further consideration without any order as to costs. Case-Laws Income Tax Fri, 14 Sep 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36474