2010 (12) TMI 382

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....ocate for the appellant,   Ms. Radhika Suri, Advocate for the respondent.   AJAY KUMAR MITTAL, J.   1. This order shall dispose of ITA Nos. 3 of 2009, 474, 515 of 2006 and 378 and 432 of 2007 as similar issues of law are involved therein. For brevity, the facts are being extracted from ITA No. 3 of 2009.   2. The revenue in the present appeal had claimed the followi....

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.... prove 'commercial expediency' behind giving interest free loans and as to which particular fund was utilized by it to make advances to the sister concern and the assessee had failed to prove it, and the Hon'ble ITAT has simply held that interest free loans were given to sister concerns which are into the same business, no specific details have been given in this regard and has passed a general an....

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....eved, the assessee filed an appeal before the Commissioner of Income Tax (Appeals) [hereinafter referred to as "the CIT(A)"] who vide order dated 13.9.2007 while deleting the additions allowed a total relief of Rs.12,68,743/-. Against the order of the CIT (A), the department approached the Tribunal who vide order dated 4.4.2008 dismissed the appeal. Hence, the present appeal by the revenue.  ....