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2009 (2) TMI 897 - HC - Income TaxExtract: .......inding of fact has been recorded that the loan was given for ’commercial expediency’. 8. For the view taken we do not propose to go into the issue as to whether the loan advanced to 100% subsidiary companies were for the purpose of commercial expediency. 9. For the aforesaid reasons we find no merit in these appeals which are dismissed.
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