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2004 (11) TMI 16 - AAR - Income TaxIndian company (Datex), a tax resident of India, is a wholly owned subsidiary company of a non-resident company (Instrumentarium) - Datex operates as "distributor" of Instrumentarium in the Indian market – Question “Whether granting of loan by applicant to “Datex", which is its wholly owned subsidiary company incorporated in India, without charging any interest, actually results in the Government exchequer” does not fall within the meaning of Advance ruling, hence no ruling is pronounced
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