2019 (1) TMI 1393

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.... Advocates O R D E R 1. The Revenue is aggrieved by the order of the ITAT, rejecting its appeal. It urges that in the facts and circumstances of the case, the assessee's claim was for the purpose of providing loan to its subsidiary and not reporting interest on it, was wrongly claimed to be on the ground of commercial expedience, in resistance of the Revenue's argument that amounts were disa....

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.... Tax vs. Dalmia Cement (Bharat) Ltd. [253 ITR 377 (DL)]. The CIT(A) holds as follows: "In the present case, the loan and advances have been given on account of "Commercial expediency" and no notional interest can be charged on such advances given for the purpose of business. The Delhi High court in the case of CIT Vs. Dalmia Cement (Bharat) Ltd. reported in 253 ITR 377 held that "once it ....