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2005 (6) TMI 19 - HC - Income Tax
"Whether Tribunal was justified in law in holding that the interest-free advances were given for the purpose of business ignoring the fact that the condition as laid down under the provision of section 36(1)(iii) of the Income-tax Act were not fulfilled?" - Commissioner (Appeals) and the learned Tribunal both were right in presuming that the advance was made out from the assessee's own fund eligible for the benefit of section 36(1)(iii). - appeal fails and is accordingly hereby dismissed