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2019 (1) TMI 157 - HC - Income TaxDisallowance of interest on the advance given to the subsidiary company - Held that:- For the assessment year 1999-2000, the Division Bench has held in favour of the assessee stating that Revenue does not dispute the fact that the advancing of funds by the assessee into the sister concern was in terms of the BIFR's order. That being the case, no useful purpose would be served by again directing a remand on the merits of the claim of the assessee - decided against revenue
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