account of interest on interest free advances given to the sister concern for non-business purpose ?
(ii) Whether on the facts and circumstances ... interest free advances made by the assessee to its sister concerns for nonbusiness purposes and treating the receipt of sales tax subsidy by the assessee
been made by the assessee in the shares of a
sister concern which gave a fixed return of income?"
3. The facts, which were ... Bench are
extracted below:
"2. The assessee borrowed money from sister concern and
paid interest therein @ 18% per annum and purchased shares
from sister
funds borrowed vis-a-vis the funds diverted towards sister concern on interest-free basis is concerned, in our view, the stand of the assessee ... available with the asses-see with the funds advanced to the sister concerns without interest is on the Revenue is not correct. Section
funds borrowed vis-a-vis the funds diverted towards sister-concerns on interest-free basis is concerned, in our view, the stand of the assessee ... funds available with the assessee with the funds advanced to the sister-concerns without interest is on the Revenue is not correct. Section
funds borrowed vis-a-vis the funds diverted towards sister concern on interest-free basis is concerned, in our view, the stand of the assessee ... funds available with the assessee with the funds advanced to the sister concerns without interest is on the Revenue is not correct. Section
amount of interest-free loan advanced by the appellant to its sister concern, without consideration of this important fact that the assessee/appellant is earning ... interest-free loan so advanced by the appellant to its sister concerns without specifying as to from which claim of interest paid, the disallowance
made on account of interest on interest free advances given to sister concern for non-business purposes ?
iii) Whether on the facts and circumstances ... found that the assessee had advanced substantial amount to its sister concern for non business purposes on which no interest was charged. On a show
interest-free loans advanced by the assessee-company to its sister concern, Swaraj Mazda Ltd.?
(2)``Whether on the facts and in the circumstances ... interest-free loans advanced by the assessee-company to its sister concern, Swaraj Mazda Ltd.?
(2)Whether on the facts and in the circumstances
Ahuja Cotton & General Mills as sister concerns of the appellant are permissible deduction in computing the business income of the appellant ... earned by the assessee as commission agent with his two sister concerns owned by the father and brother of the appellant
assessee submitted that M/s Majestic
Auto Ltd. is a sister concern of the assessee. In fact, it was promoted by the
assessee, which holds ... sought to be
diverted by the assessee to a sister concern claiming the same to be a
subsidy is nothing else, but diversion of profits
