Interest-Free Loan Disallowed u/s 36(1)(iii) Due to Lack of Commercial Expediency; Additions Confirmed.

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....Disallowance u/s 36(1)(iii) - commercial expediency to give no interest loans - the assessee’s arguments that there was a running account with the sister concern (viz. another company having common director), which was not demonstrated any business expediency between the assessee company with that of its subsidiary company. - additions confirmed - AT....